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

SS Innovations International, Inc. (NASDAQ:SSII) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 79,040 shares, a drop of 39.7% from the July 15th total of 131,067 shares. Based on an average daily trading volume, of 89,917 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are short sold.

SS Innovations International Stock Down 0.3%

SSII stock traded down $0.01 during midday trading on Tuesday, hitting $3.75. 1,937 shares of the company traded hands, compared to its average volume of 72,362. The stock has a market capitalization of $751.44 million, a price-to-earnings ratio of -62.50 and a beta of -1.92. SS Innovations International has a twelve month low of $3.11 and a twelve month high of $10.00. The business has a 50 day simple moving average of $3.67 and a 200-day simple moving average of $4.13.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%. The business had revenue of $13.94 million during the quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on SSII. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Loop Capital set a $7.00 target price on shares of SS Innovations International in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell” and a consensus price target of $7.00.

Institutional Investors Weigh In On SS Innovations International

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new position in shares of SS Innovations International during the fourth quarter worth approximately $68,000. Envestnet Asset Management Inc. acquired a new position in SS Innovations International in the 3rd quarter valued at approximately $71,000. PNC Financial Services Group Inc. grew its position in shares of SS Innovations International by 58.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock valued at $77,000 after buying an additional 5,000 shares during the last quarter. Inspire Investing LLC raised its stake in SS Innovations International by 124.4% during the fourth quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock worth $470,000 after buying an additional 45,886 shares during the last quarter. Finally, Eversept Partners LP bought a new stake in shares of SS Innovations International during the 4th quarter valued at about $428,000.

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.