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

SS Innovations International, Inc. (NASDAQ:SSII) was the target of a large decline in short interest during the month of 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. Based on an average daily volume of 74,123 shares, the short-interest ratio is currently 1.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 74,123 shares, the short-interest ratio is currently 1.3 days.

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

SS Innovations International Stock Performance

Shares of SSII opened at $4.23 on Friday. SS Innovations International has a fifty-two week low of $3.02 and a fifty-two week high of $22.42. The firm has a 50-day simple moving average of $5.67 and a 200-day simple moving average of $6.55. The company has a market capitalization of $819.02 million and a price-to-earnings ratio of -84.60.

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

Institutional Investors Weigh In On SS Innovations International

Several hedge funds have recently modified their holdings of SSII. Forum Financial Management LP purchased a new position in SS Innovations International in the 2nd quarter valued at $344,000. AlTi Global Inc. purchased a new position in SS Innovations International during the 2nd quarter worth $121,000. Geode Capital Management LLC acquired a new stake in shares of SS Innovations International in the 2nd quarter worth $122,000. Inspire Investing LLC purchased a new stake in shares of SS Innovations International in the third quarter valued at about $240,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International in the third quarter valued at about $71,000.

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.