Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 0.5%

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) shares fell 0.5% on Tuesday . The company traded as low as $1.90 and last traded at $1.94. 73,487 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,099,803 shares. The stock had previously closed at $1.95.

Inspira Technologies Oxy B.H.N. Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.61 and a current ratio of 2.61. The company has a fifty day simple moving average of $1.53 and a 200-day simple moving average of $1.28.

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

Several institutional investors and hedge funds have recently modified their holdings of IINN. Armistice Capital LLC acquired a new position in shares of Inspira Technologies Oxy B.H.N. during the 4th quarter valued at about $1,620,000. Citadel Advisors LLC bought a new position in Inspira Technologies Oxy B.H.N. in the 3rd quarter worth $63,000. Renaissance Technologies LLC acquired a new position in Inspira Technologies Oxy B.H.N. during the 2nd quarter worth $41,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Inspira Technologies Oxy B.H.N. in the third quarter valued at about $30,000. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

Inspira Technologies Oxy B.H.N. Company Profile

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.