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

by · The Cerbat Gem

SS Innovations International, Inc. (NASDAQ:SSII – Get Free Report) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 49,199 shares, a drop of 34.0% from the April 15th total of 74,555 shares. Based on an average daily volume of 39,585 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SSII shares. Wall Street Zen upgraded SS Innovations International from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Research Report on SSII

Insider Activity

In related news, CEO Srivastava Sudhir purchased 498,753 shares of SS Innovations International stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $4.01 per share, for a total transaction of $1,999,999.53. Following the purchase, the chief executive officer owned 109,851,767 shares in the company, valued at approximately $440,505,585.67. This trade represents a 0.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic H. Moll purchased 501,253 shares of SS Innovations International stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $3.99 per share, for a total transaction of $1,999,999.47. Following the completion of the purchase, the director owned 10,775,485 shares in the company, valued at $42,994,185.15. This represents a 4.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 1,300,006 shares of company stock worth $5,196,999.

Institutional Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSII. Handelsbanken Fonder AB bought a new stake in SS Innovations International in the 3rd quarter valued at about $714,000. JNBA Financial Advisors bought a new stake in SS Innovations International in the 4th quarter valued at about $498,000. Eversept Partners LP bought a new stake in SS Innovations International in the 4th quarter valued at about $428,000. AlphaCentric Advisors LLC bought a new stake in SS Innovations International in the 4th quarter valued at about $284,000. Finally, Inspire Investing LLC increased its position in SS Innovations International by 124.4% in the 4th quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock valued at $470,000 after buying an additional 45,886 shares in the last quarter.

SS Innovations International Price Performance

Shares of NASDAQ:SSII opened at $3.86 on Monday. The company has a market capitalization of $772.50 million and a price-to-earnings ratio of -77.20. The business’s 50-day moving average is $4.58 and its 200-day moving average is $5.25. SS Innovations International has a 1 year low of $3.02 and a 1 year high of $11.87.

SS Innovations International (NASDAQ:SSII – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%. The business had revenue of $11.10 million during the quarter.

About SS Innovations International

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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.

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