Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Drops By 65.7%

Interactive Strength Inc. (NASDAQ:TRNRGet Free Report) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 82,400 shares, a decline of 65.7% from the December 31st total of 240,100 shares. Approximately 9.1% of the shares of the stock are short sold. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 0.1 days.

Interactive Strength Price Performance

TRNR traded down $0.10 during midday trading on Wednesday, reaching $2.28. 37,990 shares of the company’s stock were exchanged, compared to its average volume of 69,655. Interactive Strength has a 1-year low of $2.27 and a 1-year high of $4,760.00. The stock has a market capitalization of $1.44 million, a PE ratio of 0.00 and a beta of -1.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.39 and a quick ratio of 0.21. The business’s 50-day moving average price is $2.93 and its 200 day moving average price is $23.42.

About Interactive Strength

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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.

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