Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Update

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 38,555 shares, a decrease of 72.7% from the February 12th total of 141,191 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average daily volume of 4,206,049 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 4,206,049 shares, the short-interest ratio is currently 0.0 days. Approximately 7.4% of the company’s shares are short sold.

Analyst Ratings Changes

TRNR has been the topic of a number of research analyst reports. Wall Street Zen upgraded Interactive Strength to a “hold” rating in a report on Saturday. Maxim Group set a $22.50 price objective on Interactive Strength in a report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Interactive Strength in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Interactive Strength currently has an average rating of “Buy” and a consensus target price of $22.50.

Interactive Strength Trading Up 8.3%

NASDAQ:TRNR opened at $1.57 on Wednesday. The company has a 50-day moving average price of $5.40 and a 200-day moving average price of $19.70. The stock has a market cap of $832,100.00, a price-to-earnings ratio of -0.01 and a beta of 0.54. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 2.29. Interactive Strength has a 12 month low of $1.37 and a 12 month high of $168.00.

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.