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

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a large decline in short interest during 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. Based on an average daily volume of 11,770,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 30.2% of the company’s shares are sold short.

Institutional Trading of Interactive Strength

An institutional investor recently bought a new position in Interactive Strength stock. Connective Capital Management LLC acquired a new position in shares of Interactive Strength Inc. (NASDAQ:TRNR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.64% of the company’s stock.

Interactive Strength Trading Down 4.0 %

NASDAQ:TRNR opened at $1.19 on Friday. The firm has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $6.90. Interactive Strength has a one year low of $0.86 and a one year high of $1,160.00. The firm has a market cap of $1.79 million, a P/E ratio of 0.00 and a beta of -1.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.21 and a current ratio of 0.39.

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.