SS Innovations International, Inc. (NASDAQ:SSII) Short Interest Up 29.3% in December

SS Innovations International, Inc. (NASDAQ:SSII) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 148,089 shares, a growth of 29.3% from the November 30th total of 114,511 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 104,778 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 104,778 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On SS Innovations International

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in shares of SS Innovations International during the 3rd quarter valued at $56,000. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International in the third quarter worth about $71,000. AlTi Global Inc. purchased a new stake in shares of SS Innovations International during the second quarter worth about $121,000. Geode Capital Management LLC purchased a new stake in shares of SS Innovations International during the second quarter worth about $122,000. Finally, Inspire Investing LLC acquired a new position in shares of SS Innovations International during the third quarter valued at about $240,000.

SS Innovations International Price Performance

SSII opened at $5.18 on Wednesday. The firm has a market capitalization of $1.00 billion and a PE ratio of -103.60. The business’s 50-day moving average is $6.61 and its two-hundred day moving average is $6.55. SS Innovations International has a 1 year low of $3.02 and a 1 year high of $22.42.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%. The firm had revenue of $12.83 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.