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

Interactive Strength Inc. (NASDAQ:TRNR) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 452,400 shares, a drop of 60.0% from the February 28th total of 1,130,000 shares. Based on an average daily volume of 11,770,000 shares, the short-interest ratio is currently 0.0 days. Currently, 30.2% of the shares of the company are sold short.

Interactive Strength Stock Down 4.0 %

NASDAQ:TRNR opened at $1.19 on Friday. The company’s 50 day moving average is $1.68 and its two-hundred day moving average is $6.90. The company has a market cap of $1.79 million, a PE ratio of 0.00 and a beta of -1.49. Interactive Strength has a twelve month low of $0.86 and a twelve month high of $1,160.00. The company has a current ratio of 0.39, a quick ratio of 0.21 and a debt-to-equity ratio of 0.69.

Hedge Funds Weigh In On Interactive Strength

An institutional investor recently bought a new position in Interactive Strength stock. Connective Capital Management LLC acquired a new position in Interactive Strength Inc. (NASDAQ:TRNR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,395 shares of the company’s stock, valued at approximately $32,000. Connective Capital Management LLC owned about 1.81% of Interactive Strength as of its most recent SEC filing. Hedge funds and other institutional investors own 0.64% of the company’s stock.

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.