Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Expands By 297.9%

Interactive Strength Inc. (NASDAQ:TRNR) saw 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 volume of 1,180,000 shares, the short-interest ratio is presently 0.3 days. Currently, 50.6% of the shares of the company are short sold.

Interactive Strength Price Performance

NASDAQ:TRNR traded down $0.04 on Wednesday, reaching $3.19. 314,171 shares of the company’s stock traded hands, compared to its average volume of 329,281. The company has a quick ratio of 0.21, a current ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $8.45 and a 200-day simple moving average of $112.35. The firm has a market cap of $1.99 million, a PE ratio of 0.00 and a beta of -0.76. Interactive Strength has a 12 month low of $2.50 and a 12 month high of $4,760.00.

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.