Short Interest in SS Innovations International, Inc. (NASDAQ:SSII) Declines By 14.1%

SS Innovations International, Inc. (NASDAQ:SSII) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 213,820 shares, a decrease of 14.1% from the February 26th total of 248,995 shares. Based on an average trading volume of 84,979 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

SS Innovations International Trading Down 0.9%

Shares of SSII stock traded down $0.05 on Tuesday, hitting $4.88. 8,855 shares of the stock were exchanged, compared to its average volume of 93,325. The firm has a market capitalization of $947.51 million and a P/E ratio of -81.25. SS Innovations International has a fifty-two week low of $3.02 and a fifty-two week high of $22.42. The business has a 50-day moving average of $4.59 and a 200 day moving average of $5.86.

SS Innovations International (NASDAQ:SSII) last announced its earnings results on Tuesday, March 10th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $14.53 million during the quarter. SS Innovations International had a negative net margin of 28.54% and a negative return on equity of 30.23%.

Insider Transactions at SS Innovations International

In other SS Innovations International news, Director Frederic H. Moll acquired 501,253 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $3.99 per share, for a total transaction of $1,999,999.47. Following the transaction, the director owned 10,775,485 shares of the company’s stock, valued at $42,994,185.15. This trade represents a 4.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy P. Adams bought 300,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $3.99 per share, with a total value of $1,197,000.00. Following the completion of the purchase, the director owned 5,331,902 shares in the company, valued at $21,274,288.98. This represents a 5.96% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 1,300,006 shares of company stock valued at $5,196,999 over the last 90 days.

Institutional Trading of SS Innovations International

Institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB acquired a new position in SS Innovations International during the third quarter worth $714,000. Inspire Investing LLC acquired a new stake in SS Innovations International in the 3rd quarter valued at $240,000. Geode Capital Management LLC bought a new stake in SS Innovations International during the 2nd quarter worth about $122,000. Vontobel Holding Ltd. bought a new stake in SS Innovations International during the 4th quarter worth about $116,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of SS Innovations International by 58.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock worth $77,000 after buying an additional 5,000 shares during the last quarter.

SS Innovations International Company Profile

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.