Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Drops By 43.6%

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 21,755 shares, a decline of 43.6% from the February 26th total of 38,555 shares. Currently, 4.2% of the company’s shares are short sold. Based on an average daily volume of 279,623 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Interactive Strength Stock Performance

Shares of TRNR stock opened at $1.24 on Friday. The stock has a market cap of $651,000.00, a PE ratio of -0.01 and a beta of 0.54. The stock has a 50-day moving average of $3.26 and a 200-day moving average of $16.54. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.56 and a quick ratio of 0.40. Interactive Strength has a one year low of $1.16 and a one year high of $126.99.

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. 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.