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

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 240,100 shares, a drop of 21.1% from the November 30th total of 304,400 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 26.6% of the company’s stock are short sold.

Interactive Strength Stock Performance

TRNR stock traded up $0.07 during trading on Monday, reaching $2.83. The company had a trading volume of 92,064 shares, compared to its average volume of 344,396. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.21 and a current ratio of 0.39. Interactive Strength has a twelve month low of $2.50 and a twelve month high of $4,760.00. The company has a market cap of $1.77 million, a price-to-earnings ratio of 0.00 and a beta of -0.77. The firm has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $54.84.

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.