SS Innovations International (NASDAQ:SSII) Stock Price Up 3.9% - Here's Why

Key Points

• SS Innovations International's stock price increased by 3.9% during mid-day trading, reaching a high of $5.77 before closing at $5.61.
• Trading volume was significantly low, with approximately 2,026 shares traded, which is a 98% decrease from the average daily volume of 112,164 shares.
• Several hedge funds have recently acquired new stakes in SS Innovations International, with Forum Financial Management LP investing $344,000 in the second quarter.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report)'s share price shot up 3.9% during trading on Tuesday . The company traded as high as $5.77 and last traded at $5.61. 2,026 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 112,164 shares. The stock had previously closed at $5.40.

SS Innovations International Trading Up 0.2%

The business has a 50 day moving average of $6.68.

Institutional Investors Weigh In On SS Innovations International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSII. Forum Financial Management LP purchased a new stake in SS Innovations International in the 2nd quarter worth approximately $344,000. AlTi Global Inc. bought a new position in shares of SS Innovations International during the 2nd quarter valued at $121,000. Finally, Geode Capital Management LLC bought a new position in shares of SS Innovations International during the 2nd quarter valued at $122,000.

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.