Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Decreases By 72.7%

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 38,555 shares, a decline of 72.7% from the February 12th total of 141,191 shares. Based on an average trading volume of 4,206,049 shares, the short-interest ratio is presently 0.0 days. Approximately 7.4% of the shares of the company are short sold. Approximately 7.4% of the shares of the company are short sold. Based on an average trading volume of 4,206,049 shares, the short-interest ratio is presently 0.0 days.

Interactive Strength Price Performance

Shares of TRNR traded down $0.03 during mid-day trading on Friday, reaching $1.51. 20,539 shares of the stock traded hands, compared to its average volume of 966,301. The company has a market cap of $797,650.00, a price-to-earnings ratio of -0.01 and a beta of 0.54. Interactive Strength has a 1 year low of $1.37 and a 1 year high of $148.00. The firm has a fifty day moving average price of $5.12 and a 200 day moving average price of $19.44. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 2.29.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TRNR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Interactive Strength in a research report on Monday, December 29th. Maxim Group set a $22.50 price target on shares of Interactive Strength in a research report on Friday, January 23rd. Finally, Wall Street Zen raised shares of Interactive Strength to a “hold” rating in a report on Saturday, March 7th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Interactive Strength presently has a consensus rating of “Buy” and an average target price of $22.50.

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. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online.