Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Shares Down 2.1% – What’s Next?

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN)’s share price fell 2.1% during mid-day trading on Friday . The company traded as low as $1.15 and last traded at $1.17. 106,081 shares were traded during trading, a decline of 75% from the average session volume of 417,584 shares. The stock had previously closed at $1.20.

Inspira Technologies Oxy B.H.N. Stock Performance

The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.23 and a quick ratio of 2.13.

Hedge Funds Weigh In On Inspira Technologies Oxy B.H.N.

An institutional investor recently bought a new position in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC acquired a new position in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,497 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned about 0.19% of Inspira Technologies Oxy B.H.N. at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.72% of the company’s stock.

About Inspira Technologies Oxy B.H.N.

Inspira Technologies Oxy B.H.N. Ltd., a specialty medical device company, engages in the research, development, manufacture, and marketing of respiratory support technology to provide an alternative to invasive mechanical ventilation for the treatment of acute respiratory failure. Its lead product is the augmented respiration technology system, a respiratory support system comprising minimally invasive, portable dual lumen cannula, which is inserted into the jugular vein and utilizes extra-corporeal direct blood oxygenation to elevate and stabilize declining oxygen saturation levels.