Short Interest in SS Innovations International, Inc. (NASDAQ:SSII) Decreases By 49.8%

SS Innovations International, Inc. (NASDAQ:SSII) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 74,555 shares, a decline of 49.8% from the March 31st total of 148,402 shares. Based on an average daily volume of 47,676 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the stock are short sold.

Insider Activity at SS Innovations International

In other news, Director Frederic H. Moll bought 501,253 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $3.99 per share, with a total value of $1,999,999.47. Following the purchase, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy P. Adams bought 300,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $3.99 per share, with a total value of $1,197,000.00. Following the purchase, the director directly owned 5,331,902 shares in the company, valued at $21,274,288.98. The trade was a 5.96% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 1,300,006 shares of company stock valued at $5,196,999.

Institutional Trading of SS Innovations International

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in 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 approximately $71,000. Jane Street Group LLC acquired a new stake in SS Innovations International during the 4th quarter worth approximately $63,000. IFC & Insurance Marketing Inc. acquired a new position in shares of SS Innovations International during the fourth quarter worth about $64,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of SS Innovations International during the fourth quarter worth about $68,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

SS Innovations International Stock Performance

SSII opened at $4.36 on Monday. The firm has a 50 day moving average price of $4.73 and a 200 day moving average price of $5.68. The company has a market cap of $873.00 million and a PE ratio of -72.67. 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 posted its earnings results on Tuesday, March 10th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $14.53 million for the quarter. SS Innovations International had a negative return on equity of 30.23% and a negative net margin of 28.54%.

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.