SS Innovations International, Inc. (NASDAQ:SSII) Short Interest Up 29.3% in December

SS Innovations International, Inc. (NASDAQ:SSII) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 148,089 shares, an increase of 29.3% from the November 30th total of 114,511 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 104,778 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 104,778 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new position in SS Innovations International during the third quarter valued at $56,000. Envestnet Asset Management Inc. purchased a new position in shares of SS Innovations International during the 3rd quarter valued at about $71,000. AlTi Global Inc. acquired a new position in shares of SS Innovations International in the 2nd quarter valued at about $121,000. Geode Capital Management LLC acquired a new position in shares of SS Innovations International in the 2nd quarter valued at about $122,000. Finally, Inspire Investing LLC purchased a new stake in shares of SS Innovations International in the third quarter worth about $240,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

SS Innovations International Stock Down 7.3%

SS Innovations International stock opened at $5.18 on Wednesday. The stock has a 50-day moving average price of $6.61 and a 200 day moving average price of $6.55. The company has a market capitalization of $1.00 billion and a price-to-earnings ratio of -103.60. 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 posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.02) 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%.The business had revenue of $12.83 million for the quarter.

SS Innovations International Company Profile

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.