Interactive Strength Inc. (NASDAQ:TRNR) Sees Significant Decline in Short Interest

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 8,100 shares, a decrease of 99.0% from the October 15th total of 808,300 shares. Based on an average daily volume of 106,400 shares, the short-interest ratio is currently 0.1 days. Approximately 19.0% of the shares of the stock are short sold.

Interactive Strength Price Performance

TRNR opened at $5.83 on Thursday. The company’s 50 day simple moving average is $18.64 and its 200-day simple moving average is $212.04. Interactive Strength has a one year low of $4.05 and a one year high of $4,760.00.

Interactive Strength (NASDAQ:TRNR) last released its earnings results on Wednesday, August 14th. The company reported ($1,748.00) EPS for the quarter. The firm had revenue of $0.62 million during the quarter. On average, equities analysts anticipate that Interactive Strength will post -1616 EPS 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.