Short Interest in SS Innovations International, Inc. (NASDAQ:SSII) Increases By 88.9%

SS Innovations International, Inc. (NASDAQ:SSII) was the target of a large increase in short interest in 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. Based on an average daily volume of 194,574 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 194,574 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On SS Innovations International

Several hedge funds have recently made changes to their positions in SSII. Inspire Investing LLC grew its position in shares of SS Innovations International by 124.4% in the fourth quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock valued at $470,000 after purchasing an additional 45,886 shares during the period. Eversept Partners LP acquired a new stake in SS Innovations International in the 4th quarter worth about $428,000. Vontobel Holding Ltd. acquired a new stake in SS Innovations International in the 4th quarter worth about $116,000. Jane Street Group LLC purchased a new stake in SS Innovations International in the 4th quarter valued at about $63,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of SS Innovations International during the 4th quarter valued at about $64,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, the company currently has an average rating of “Sell”.

SS Innovations International Price Performance

SS Innovations International stock opened at $4.76 on Friday. The stock has a market capitalization of $925.14 million and a P/E ratio of -95.20. SS Innovations International has a 12-month low of $3.02 and a 12-month high of $22.42. The firm’s 50-day moving average is $4.97 and its two-hundred day moving average is $6.17.

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

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.