Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Expands By 1,140.4%

Interactive Strength Inc. (NASDAQ:TRNR) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 1,130,000 shares, an increase of 1,140.4% from the February 13th total of 91,100 shares. Currently, 75.3% of the company’s stock are sold short. Based on an average trading volume of 11,480,000 shares, the days-to-cover ratio is currently 0.1 days.

Interactive Strength Stock Performance

TRNR opened at $1.42 on Thursday. The company has a market cap of $2.13 million, a PE ratio of 0.00 and a beta of -1.51. The stock has a 50-day moving average of $2.07 and a 200-day moving average of $10.58. Interactive Strength has a 52-week low of $0.86 and a 52-week high of $1,640.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.21 and a current ratio of 0.39.

Institutional Trading of Interactive Strength

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

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.