Short Interest in Inspira Technologies OXY B.H.N. Ltd. (NASDAQ:IINN) Decreases By 30.5%

Inspira Technologies OXY B.H.N. Ltd. (NASDAQ:IINN) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 443,115 shares, a drop of 30.5% from the February 12th total of 637,842 shares. Based on an average daily volume of 157,063 shares, the short-interest ratio is currently 2.8 days. Based on an average daily volume of 157,063 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On Inspira Technologies OXY B.H.N.

A number of institutional investors and hedge funds have recently made changes to their positions in IINN. Citadel Advisors LLC purchased a new position in Inspira Technologies OXY B.H.N. in the third quarter valued at about $105,000. Yorkville Advisors Global LP purchased a new position in Inspira Technologies OXY B.H.N. in the fourth quarter worth $1,605,000. Finally, Kestra Advisory Services LLC bought a new position in Inspira Technologies OXY B.H.N. during the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

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

NASDAQ:IINN traded down $0.01 during mid-day trading on Friday, reaching $0.56. The stock had a trading volume of 176,675 shares, compared to its average volume of 144,051. The stock has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $0.96. Inspira Technologies OXY B.H.N. has a 12 month low of $0.40 and a 12 month high of $1.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 1.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Inspira Technologies OXY B.H.N. in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Inspira Technologies OXY B.H.N. presently has an average rating of “Hold” and a consensus target price of $2.00.

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.