Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Down 60.0% in March

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 452,400 shares, a decline 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 days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Interactive Strength

A hedge fund recently bought a new stake in Interactive Strength stock. Connective Capital Management LLC acquired a new position in Interactive Strength Inc. (NASDAQ:TRNR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,395 shares of the company’s stock, valued at approximately $32,000. Connective Capital Management LLC owned 1.81% of Interactive Strength at the end of the most recent reporting period. 0.64% of the stock is owned by institutional investors.

Interactive Strength Stock Down 2.4 %

TRNR opened at $1.21 on Friday. The stock has a market capitalization of $1.82 million, a price-to-earnings ratio of 0.00 and a beta of -1.49. The firm has a 50 day moving average price of $1.71 and a 200-day moving average price of $7.17. Interactive Strength has a twelve month low of $0.86 and a twelve month high of $1,160.00. The company has a quick ratio of 0.21, a current ratio of 0.39 and a debt-to-equity ratio of 0.69.

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.