SS Innovations International, Inc. (NASDAQ:SSII) Sees Significant Decline in Short Interest

SS Innovations International, Inc. (NASDAQ:SSII) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 95,371 shares, a decrease of 29.8% from the December 31st total of 135,880 shares. Based on an average trading volume of 74,123 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 74,123 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSII. PNC Financial Services Group Inc. purchased a new stake in shares of SS Innovations International during the 3rd quarter worth approximately $56,000. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International during the 3rd quarter worth $71,000. AlTi Global Inc. purchased a new stake in SS Innovations International in the second quarter valued at $121,000. Geode Capital Management LLC acquired a new position in SS Innovations International in the second quarter valued at $122,000. Finally, Inspire Investing LLC acquired a new position in SS Innovations International in the third quarter valued at $240,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SS Innovations International has a consensus rating of “Sell”.

SS Innovations International Price Performance

NASDAQ:SSII opened at $4.23 on Friday. SS Innovations International has a 12 month low of $3.02 and a 12 month high of $22.42. The firm has a market capitalization of $819.02 million and a PE ratio of -84.60. The business’s fifty day moving average price is $5.67 and its 200 day moving average price is $6.55.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share (EPS) for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

About SS Innovations International

AVRA Medical Robotics, Inc develops and manufactures medical surgical devices. The company has a research agreement with the University of Central Florida to develop navigation and control technologies with applications in medical robotics. The company was formerly known as AVRA Surgical Microsystems, Inc and changed its name to AVRA Medical Robotics, Inc in November 2015. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.