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

SS Innovations International, Inc. (NASDAQ:SSII) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 276,060 shares, a growth of 88.9% from the January 29th total of 146,103 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 194,574 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 194,574 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Institutional Trading of SS Innovations International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB lifted its position in SS Innovations International by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock valued at $682,000 after buying an additional 10,198 shares in the last quarter. JNBA Financial Advisors purchased a new position in shares of SS Innovations International in the 4th quarter valued at $498,000. Inspire Investing LLC lifted its holdings in shares of SS Innovations International by 124.4% during the 4th quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock valued at $470,000 after acquiring an additional 45,886 shares in the last quarter. Eversept Partners LP purchased a new stake in SS Innovations International during the 4th quarter worth $428,000. Finally, AlphaCentric Advisors LLC acquired a new stake in SS Innovations International in the 4th quarter valued at $284,000.

SS Innovations International Trading Up 0.2%

Shares of SSII traded up $0.01 during mid-day trading on Friday, reaching $4.76. The company had a trading volume of 43,433 shares, compared to its average volume of 133,170. SS Innovations International has a fifty-two week low of $3.02 and a fifty-two week high of $22.42. The firm has a fifty day simple moving average of $4.97 and a 200-day simple moving average of $6.16. The stock has a market cap of $925.15 million and a price-to-earnings ratio of -95.20.

SS Innovations International (NASDAQ:SSII) last issued 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%.

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.