Vicarious Surgical Inc (NYSE:RBOT) Sees Large Growth in Short Interest

Vicarious Surgical Inc (NYSE:RBOT) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 110,800 shares, an increase of 30.4% from the February 13th total of 85,000 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average trading volume of 48,500 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on shares of Vicarious Surgical from $10.50 to $8.50 and set a “neutral” rating for the company in a report on Tuesday.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in Vicarious Surgical by 11.6% during the fourth quarter. Renaissance Technologies LLC now owns 11,534 shares of the company’s stock worth $152,000 after buying an additional 1,200 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Vicarious Surgical by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 30,799 shares of the company’s stock worth $405,000 after purchasing an additional 2,336 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in Vicarious Surgical by 21.1% in the fourth quarter. DnB Asset Management AS now owns 21,213 shares of the company’s stock valued at $279,000 after purchasing an additional 3,692 shares in the last quarter. Institutional investors own 47.27% of the company’s stock.

Vicarious Surgical Stock Down 14.9 %

Vicarious Surgical stock traded down $1.44 during mid-day trading on Tuesday, reaching $8.20. 26,531 shares of the company’s stock were exchanged, compared to its average volume of 33,008. The firm has a market capitalization of $48.42 million, a PE ratio of -0.80 and a beta of 1.35. The business’s fifty day simple moving average is $12.70 and its 200 day simple moving average is $10.59. Vicarious Surgical has a one year low of $4.27 and a one year high of $19.00.

Vicarious Surgical (NYSE:RBOT) last issued its quarterly earnings results on Monday, March 17th. The company reported ($2.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.69) by $0.26. The company had revenue of $2.09 million during the quarter. During the same quarter in the prior year, the business earned ($2.25) earnings per share. On average, sell-side analysts forecast that Vicarious Surgical will post -10.89 earnings per share for the current year.

About Vicarious Surgical

Vicarious Surgical Inc operates as a robotics technology company in the United States. The company focuses on developing and commercializing Vicarious System, a single-incision surgical robot that virtually transports surgeons inside the patient to perform minimally invasive surgery. Vicarious Surgical Inc was incorporated in 2014 and is headquartered in Waltham, Massachusetts.