Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Rises By 427.6%

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 114,781 shares, a growth of 427.6% from the March 15th total of 21,755 shares. Based on an average daily volume of 251,326 shares, the short-interest ratio is currently 0.5 days. Approximately 21.9% of the shares of the stock are short sold.

Interactive Strength Stock Performance

TRNR stock opened at $1.19 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.47 and a quick ratio of 0.35. The stock has a market capitalization of $630,700.00, a PE ratio of -0.01 and a beta of 0.36. The company has a 50 day moving average price of $2.23 and a 200 day moving average price of $14.36. Interactive Strength has a fifty-two week low of $1.16 and a fifty-two week high of $126.00.

Analyst Ratings Changes

A number of analysts recently weighed in on TRNR shares. Wall Street Zen raised shares of Interactive Strength to a “hold” rating in a 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 objective on shares of 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Interactive Strength presently has a consensus rating of “Buy” and an average price target of $22.50.

Interactive Strength Company Profile

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.