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

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 499,200 shares, a decrease of 37.4% from the May 15th total of 797,300 shares. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Interactive Strength

An institutional investor recently bought a new position in Interactive Strength stock. Connective Capital Management LLC purchased a new stake in Interactive Strength Inc. (NASDAQ:TRNR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,395 shares of the company’s stock, valued at approximately $32,000. Connective Capital Management LLC owned about 1.81% of Interactive Strength at the end of the most recent reporting period. 0.64% of the stock is currently owned by institutional investors.

Interactive Strength Trading Up 5.7%

Shares of NASDAQ TRNR traded up $0.04 during midday trading on Monday, hitting $0.74. The stock had a trading volume of 813,129 shares, compared to its average volume of 8,264,754. The firm has a market cap of $7.42 million, a P/E ratio of 0.00 and a beta of 0.15. Interactive Strength has a fifty-two week low of $0.56 and a fifty-two week high of $850.00. 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 company’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $1.67.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings data on Monday, May 19th. The company reported ($1.74) EPS for the quarter. The company had revenue of $1.40 million during the quarter.

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.