Inspira Technologies OXY B.H.N. (NASDAQ:IINN) Shares Down 0.9% – Here’s Why

Inspira Technologies OXY B.H.N. Ltd. (NASDAQ:IINN)’s stock price fell 0.9% on Friday . The company traded as low as $0.80 and last traded at $0.8184. 647,580 shares were traded during trading, an increase of 84% from the average daily volume of 352,435 shares. The stock had previously closed at $0.8256.

Inspira Technologies OXY B.H.N. Trading Down 0.9%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.30 and a current ratio of 1.56. The firm’s 50 day moving average is $1.06 and its two-hundred day moving average is $0.97.

Institutional Trading of Inspira Technologies OXY B.H.N.

A number of institutional investors and hedge funds have recently made changes to their positions in IINN. Kestra Advisory Services LLC acquired a new position in Inspira Technologies OXY B.H.N. during the 4th quarter valued at approximately $71,000. Citadel Advisors LLC acquired a new stake in Inspira Technologies OXY B.H.N. in the third quarter worth $105,000. Finally, Yorkville Advisors Global LP acquired a new stake in Inspira Technologies OXY B.H.N. in the fourth quarter worth $1,605,000. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.