Inspira Technologies OXY B.H.N. Ltd (NASDAQ:QTEX) Sees Large Growth in Short Interest

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

Wall Street Analysts Forecast Growth

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

Inspira Technologies OXY B.H.N. Price Performance

NASDAQ:QTEX opened at $1.52 on Friday. Inspira Technologies OXY B.H.N. has a 52 week low of $0.28 and a 52 week high of $3.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.30.

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 (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.