Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Drops By 72.7%

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 38,555 shares, a decline of 72.7% from the February 12th total of 141,191 shares. Based on an average trading volume of 4,206,049 shares, the days-to-cover ratio is presently 0.0 days. Currently, 7.4% of the shares of the stock are short sold. Currently, 7.4% of the shares of the stock are short sold. Based on an average trading volume of 4,206,049 shares, the days-to-cover ratio is presently 0.0 days.

Interactive Strength Trading Up 0.6%

Shares of NASDAQ:TRNR opened at $1.58 on Thursday. The business’s 50-day moving average is $5.26 and its 200 day moving average is $19.57. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.56 and a quick ratio of 0.40. Interactive Strength has a 1 year low of $1.37 and a 1 year high of $168.00. The firm has a market capitalization of $837,400.00, a P/E ratio of -0.01 and a beta of 0.54.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TRNR shares. Wall Street Zen upgraded shares of Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Interactive Strength in a research report on Monday, December 29th. Finally, Maxim Group set a $22.50 price target on Interactive Strength in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Interactive Strength currently has a consensus rating of “Buy” and a consensus price target of $22.50.

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. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online.