Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Drops By 60.0%

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant drop in short interest during the month of 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. Currently, 30.2% of the shares of the company are short sold. Based on an average trading volume of 11,770,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Interactive Strength

An institutional investor recently bought a new position in Interactive Strength stock. Connective Capital Management LLC bought a new position in shares of Interactive Strength Inc. (NASDAQ:TRNR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission. Institutional investors own 0.64% of the company’s stock.

Interactive Strength Price Performance

Interactive Strength stock opened at $1.29 on Thursday. The company has a market capitalization of $1.94 million, a price-to-earnings ratio of 0.00 and a beta of -1.49. The company has a current ratio of 0.39, a quick ratio of 0.21 and a debt-to-equity ratio of 0.69. Interactive Strength has a 12 month low of $0.86 and a 12 month high of $1,219.20. The stock’s 50 day moving average is $1.74 and its 200-day moving average is $7.22.

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.