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

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 82,400 shares, a decline of 65.7% from the December 15th total of 240,100 shares. Approximately 9.1% of the shares of the stock are sold short. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 0.1 days.

Interactive Strength Stock Performance

Shares of Interactive Strength stock opened at $2.63 on Tuesday. The business’s fifty day simple moving average is $3.58 and its 200-day simple moving average is $32.03. The company has a quick ratio of 0.21, a current ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.64 million, a PE ratio of 0.00 and a beta of -1.05. Interactive Strength has a 52 week low of $2.50 and a 52 week high of $4,760.00.

Interactive Strength Company Profile

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.