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

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

Wall Street Analysts Forecast Growth

SSII has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. Loop Capital set a $7.00 price target on SS Innovations International in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised 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, According to data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Trading Up 14.6%

NASDAQ:SSII traded up $0.51 during trading hours on Monday, reaching $3.98. 228,265 shares of the company were exchanged, compared to its average volume of 75,409. The firm has a market cap of $795.52 million, a PE ratio of -79.32 and a beta of -1.96. SS Innovations International has a twelve month low of $3.11 and a twelve month high of $10.00. The stock’s 50-day moving average is $3.69 and its 200-day moving average is $4.32.

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

Institutional Investors Weigh In On SS Innovations International

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

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.