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

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 presently 1.3 days. Approximately 0.0% of the shares of the company are short sold. Approximately 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 presently 1.3 days.

SS Innovations International Stock Performance

Shares of SSII opened at $4.23 on Monday. The company has a market cap of $819.01 million and a price-to-earnings ratio of -84.60. The stock has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $6.56. SS Innovations International has a 52-week low of $3.02 and a 52-week high of $22.42.

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

Institutional Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in SS Innovations International during the 3rd quarter worth $56,000. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International in the third quarter worth about $71,000. AlTi Global Inc. bought a new stake in SS Innovations International during the 2nd quarter worth about $121,000. Geode Capital Management LLC acquired a new position in SS Innovations International during the 2nd quarter valued at about $122,000. Finally, Inspire Investing LLC acquired a new stake in shares of SS Innovations International during the 3rd quarter worth approximately $240,000.

Analysts Set New Price Targets

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

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.