Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Stock Price Down 6.9% – Here’s What Happened

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN)’s share price traded down 6.9% during trading on Thursday . The company traded as low as $0.61 and last traded at $0.62. 192,173 shares changed 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 Down 5.4 %

The company has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $1.09. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC raised its position in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) by 142.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,622 shares of the company’s stock after buying 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.

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.