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

SS Innovations International, Inc. (NASDAQ:SSII) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 146,103 shares, a growth of 53.2% from the January 15th total of 95,371 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 99,713 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 99,713 shares, the short-interest ratio is currently 1.5 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On SS Innovations International

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

SS Innovations International Stock Performance

Shares of NASDAQ SSII opened at $4.31 on Friday. The business’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $6.31. SS Innovations International has a 52 week low of $3.02 and a 52 week high of $22.42. The firm has a market cap of $837.69 million and a price-to-earnings ratio of -86.20.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Tuesday, January 13th. The company reported $0.04 earnings per share 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.