Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 6.9% – Here’s Why

Shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) fell 6.9% during trading on Thursday . The stock traded as low as $0.61 and last traded at $0.62. 192,173 shares traded hands during trading, a decline of 53% from the average session volume of 409,616 shares. The stock had previously closed at $0.67.

Inspira Technologies Oxy B.H.N. Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.13 and a current ratio of 2.23. The company’s 50 day moving average is $0.82 and its 200-day moving average is $1.09.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC boosted its holdings in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) by 142.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,622 shares of the company’s stock after purchasing an additional 21,532 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of Inspira Technologies Oxy B.H.N. worth $37,000 at the end of the most recent quarter. 12.72% of the stock is owned by institutional investors.

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.