SS Innovations International, Inc. (NASDAQ:SSII) Short Interest Update

SS Innovations International, Inc. (NASDAQ:SSII) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 131,067 shares, an increase of 179.4% from the June 30th total of 46,918 shares. Based on an average daily volume of 65,049 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the company’s shares are sold short.

SS Innovations International Stock Performance

NASDAQ SSII opened at $3.93 on Wednesday. SS Innovations International has a twelve month low of $3.11 and a twelve month high of $10.00. The stock has a market cap of $786.51 million, a price-to-earnings ratio of -78.60 and a beta of -1.96. The firm’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $4.30.

SS Innovations International (NASDAQ:SSII) last announced its earnings results on Wednesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $11.10 million for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in SS Innovations International in the 3rd quarter worth about $56,000. Jane Street Group LLC purchased a new position in SS Innovations International during the 4th quarter valued at about $63,000. IFC & Insurance Marketing Inc. acquired a new position in shares of SS Innovations International in the 4th quarter valued at about $64,000. Goldman Sachs Group Inc. acquired a new position in shares of SS Innovations International in the 4th quarter valued at about $68,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International in the third quarter worth approximately $71,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SSII. Loop Capital set a $7.00 price target on SS Innovations International in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $7.00.

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.