SS Innovations International (NASDAQ:SSII) Trading Up 8.9% - Here's What Happened

Key Points

• SS Innovations International's shares increased by 8.9% to $6.25 during mid-day trading, though the trading volume dropped by 78% compared to its average.
• Institutional investors have recently taken interest, with Geode Capital Management, AlTi Global, and Forum Financial Management acquiring new positions totaling over $587,000 in the second quarter.
• SS Innovations, originally known as AVRA Surgical Microsystems, focuses on developing medical surgical devices and collaborates with the University of Central Florida on robotics technologies.

Shares of SS Innovations International, Inc. (NASDAQ:SSII - ) were up 8.9% during mid-day trading on Monday . The company traded as high as $6.25 and last traded at $6.25. Approximately 24,104 shares changed hands during trading, a decline of 78% from the average daily volume of 111,071 shares. The stock had previously closed at $5.74.

SS Innovations International Price Performance

The firm has a 50-day moving average of $6.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new position in shares of SS Innovations International during the 2nd quarter worth approximately $122,000. AlTi Global Inc. acquired a new position in shares of SS Innovations International during the 2nd quarter worth approximately $121,000. Finally, Forum Financial Management LP acquired a new position in shares of SS Innovations International during the 2nd quarter worth approximately $344,000.

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.

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