Short Interest in SS Innovations International, Inc. (NASDAQ:SSII) Drops By 29.8%

SS Innovations International, Inc. (NASDAQ:SSII) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 95,371 shares, a decline of 29.8% from the December 31st total of 135,880 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 74,123 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 74,123 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On SS Innovations International

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new position in SS Innovations International in the third quarter valued at about $56,000. Envestnet Asset Management Inc. bought a new position in SS Innovations International during the third quarter valued at $71,000. AlTi Global Inc. bought a new stake in shares of SS Innovations International during the 2nd quarter worth $121,000. Geode Capital Management LLC bought a new position in SS Innovations International in the 2nd quarter worth $122,000. Finally, Inspire Investing LLC purchased a new stake in SS Innovations International during the 3rd quarter valued at $240,000.

SS Innovations International Price Performance

SS Innovations International stock traded up $0.04 during trading hours on Friday, reaching $4.23. The company had a trading volume of 145,019 shares, compared to its average volume of 80,548. SS Innovations International has a 12-month low of $3.02 and a 12-month high of $22.42. The company has a 50-day moving average price of $5.67 and a 200 day moving average price of $6.56. The firm has a market cap of $819.01 million and a price-to-earnings ratio of -84.60.

SS Innovations International (NASDAQ:SSII) last announced its quarterly 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%.

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.