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

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 53,055 shares, a drop of 53.8% from the March 31st total of 114,781 shares. Based on an average trading volume of 180,594 shares, the short-interest ratio is currently 0.3 days. Approximately 2.4% of the company’s stock are sold short.

Interactive Strength Price Performance

NASDAQ:TRNR opened at $1.06 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 0.47. The stock’s 50-day simple moving average is $1.64 and its 200 day simple moving average is $11.72. The company has a market cap of $2.39 million, a P/E ratio of 0.00 and a beta of 0.36. Interactive Strength has a 52-week low of $1.03 and a 52-week high of $126.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TRNR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Interactive Strength in a report on Monday, December 29th. Wall Street Zen upgraded shares of Interactive Strength to a “hold” rating in a report on Saturday, March 7th. Finally, Maxim Group set a $22.50 price objective on shares of Interactive Strength in a 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, the stock presently has an average rating of “Buy” and an average target price 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.