Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Shares Up 1.1% – Here’s What Happened

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) shares rose 1.1% during mid-day trading on Tuesday . The company traded as high as $1.45 and last traded at $1.39. Approximately 136,462 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 485,991 shares. The stock had previously closed at $1.37.

Inspira Technologies Oxy B.H.N. Stock Up 1.1 %

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 firm’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $1.56.

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 bought a new stake in shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,497 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned 0.19% of Inspira Technologies Oxy B.H.N. at the end of the most recent reporting period. 12.72% of the stock is currently 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.