Short Interest in Inspira Technologies OXY B.H.N. Ltd (NASDAQ:QTEX) Increases By 910.2%

Inspira Technologies OXY B.H.N. Ltd (NASDAQ:QTEX) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 8,218,482 shares, an increase of 910.2% from the May 14th total of 813,529 shares. Based on an average trading volume of 144,629,450 shares, the days-to-cover ratio is presently 0.1 days. Currently, 32.4% of the company’s shares are short sold.

Inspira Technologies OXY B.H.N. Trading Up 13.5%

NASDAQ QTEX opened at $1.60 on Wednesday. Inspira Technologies OXY B.H.N. has a 12 month low of $0.28 and a 12 month high of $3.85. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Inspira Technologies OXY B.H.N. in a research note on Wednesday, May 27th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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 (MV) for the treatment of respiratory failure. Its lead product is the augmented respiration technology system (ART), 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.