Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Down 55.0% in March

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 116,800 shares, a decrease of 55.0% from the February 29th total of 259,700 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 663,800 shares, the days-to-cover ratio is currently 0.2 days.

Interactive Strength Stock Down 4.0 %

Shares of NASDAQ:TRNR opened at $0.28 on Thursday. The business’s 50-day moving average is $0.57 and its 200 day moving average is $0.89. Interactive Strength has a 1 year low of $0.27 and a 1 year high of $8.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Interactive Strength stock. Point72 Asset Management L.P. acquired a new stake in Interactive Strength Inc. (NASDAQ:TRNR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,500 shares of the company’s stock, valued at approximately $105,000. Point72 Asset Management L.P. owned 0.26% of Interactive Strength as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.64% of the company’s stock.

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. It offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance.