Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Expands By 1,104.6%

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 808,300 shares, a growth of 1,104.6% from the September 30th total of 67,100 shares. Currently, 18.9% of the company’s stock are short sold. Based on an average trading volume of 6,430,000 shares, the short-interest ratio is currently 0.1 days.

Interactive Strength Stock Performance

TRNR remained flat at $0.13 on Friday. The company had a trading volume of 11,531,616 shares, compared to its average volume of 2,464,372. The company has a 50 day moving average price of $0.29 and a two-hundred day moving average price of $2.83. The company has a market cap of $85,519.00, a P/E ratio of 0.00 and a beta of -0.52. Interactive Strength has a fifty-two week low of $0.11 and a fifty-two week high of $47.60.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($17.48) earnings per share (EPS) for the quarter. The business had revenue of $0.62 million during the quarter. On average, equities research analysts predict that Interactive Strength will post -16.16 earnings per share for the current fiscal year.

About Interactive Strength

Interactive Strength Inc, doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance.