Interactive Strength Inc. (NASDAQ:TRNR) Sees Large Growth in Short Interest

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 304,400 shares, a growth of 297.9% from the November 15th total of 76,500 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 50.6% of the shares of the stock are short sold.

Interactive Strength Price Performance

NASDAQ:TRNR traded down $0.12 during mid-day trading on Friday, reaching $3.17. 242,070 shares of the stock were exchanged, compared to its average volume of 349,181. The company has a current ratio of 0.39, a quick ratio of 0.21 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average price of $7.70 and a 200 day moving average price of $105.22. Interactive Strength has a 1-year low of $2.50 and a 1-year high of $4,760.00. The firm has a market capitalization of $2.00 million, a PE ratio of 0.00 and a beta of -0.77.

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.