Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Down 37.4% in May

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

Interactive Strength Stock Performance

Interactive Strength stock opened at $0.74 on Tuesday. The company has a market cap of $7.45 million, a PE ratio of 0.00 and a beta of 0.15. The company has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $1.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.39 and a quick ratio of 0.21. Interactive Strength has a 12 month low of $0.56 and a 12 month high of $850.00.

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

Institutional Investors Weigh In On Interactive Strength

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

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.