Interactive Strength Inc. (NASDAQ:TRNR) Sees Significant Growth in Short Interest
by Jessica Moore · The Cerbat GemInteractive Strength Inc. (NASDAQ:TRNR – Get Free Report) was the target of a large 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 trading volume, of 251,326 shares, the days-to-cover ratio is presently 0.5 days. Currently, 21.9% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
TRNR has been the topic of a number of recent research reports. Wall Street Zen raised Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Maxim Group set a $22.50 price target on Interactive Strength in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Interactive Strength in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $22.50.
Read Our Latest Analysis on TRNR
Interactive Strength Price Performance
Shares of TRNR traded down $0.18 during trading hours on Friday, hitting $1.19. 182,208 shares of the stock were exchanged, compared to its average volume of 215,248. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 0.47. Interactive Strength has a 12-month low of $1.16 and a 12-month high of $126.00. The company has a market cap of $630,700.00, a price-to-earnings ratio of -0.01 and a beta of 0.36. The stock’s 50-day moving average price is $2.23 and its two-hundred day moving average price is $14.22.
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.