SS Innovations International, Inc. (NASDAQ:SSII) Sees Large Growth in Short Interest

SS Innovations International, Inc. (NASDAQ:SSII) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 276,060 shares, an increase of 88.9% from the January 29th total of 146,103 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 194,574 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 194,574 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the company’s stock are short sold.

SS Innovations International Stock Up 0.2%

SSII stock opened at $4.76 on Monday. The stock has a market cap of $925.15 million and a PE ratio of -95.20. The firm’s 50-day simple moving average is $4.97 and its 200 day simple moving average is $6.16. SS Innovations International has a fifty-two week low of $3.02 and a fifty-two week high of $22.42.

SS Innovations International (NASDAQ:SSII) last posted its earnings results on Tuesday, January 13th. The company reported $0.04 EPS for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SSII. Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International during the third quarter valued at about $71,000. PNC Financial Services Group Inc. increased its stake in 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 valued at $77,000 after buying an additional 5,000 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of SS Innovations International during the 4th quarter worth about $68,000. AlphaCentric Advisors LLC bought a new stake in shares of SS Innovations International during the 4th quarter worth about $284,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of SS Innovations International in the 4th quarter worth approximately $64,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the company presently has an average 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.