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

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

Institutional Investors Weigh In On SS Innovations International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in shares of SS Innovations International in the third quarter valued at approximately $56,000. Jane Street Group LLC bought a new position in SS Innovations International during the 4th quarter worth $63,000. IFC & Insurance Marketing Inc. acquired a new position in SS Innovations International in the 4th quarter valued at $64,000. Goldman Sachs Group Inc. acquired a new position in SS Innovations International in the 4th quarter valued at $68,000. Finally, Envestnet Asset Management Inc. acquired a new position in SS Innovations International in the 3rd quarter valued at $71,000.

SS Innovations International Stock Performance

SSII stock opened at $3.71 on Wednesday. The company’s 50-day simple moving average is $3.67 and its 200 day simple moving average is $4.12. SS Innovations International has a 52 week low of $3.11 and a 52 week high of $10.00. The company has a market capitalization of $743.41 million, a PE ratio of -61.83 and a beta of -1.92.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SSII shares. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. 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, SS Innovations International presently has a consensus rating of “Sell” and an average price target of $7.00.

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.