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

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

Vicarious Surgical Stock Performance

RBOT opened at $8.20 on Wednesday. The firm’s fifty day moving average is $12.56 and its two-hundred day moving average is $10.60. The firm has a market cap of $48.42 million, a PE ratio of -0.80 and a beta of 1.35. Vicarious Surgical has a twelve month low of $4.27 and a twelve month high of $19.00.

Vicarious Surgical (NYSE:RBOT) last posted its earnings results on Monday, March 17th. The company reported ($2.43) earnings per share for the quarter, topping the consensus estimate of ($2.69) by $0.26. The firm had revenue of $2.09 million during the quarter. During the same quarter in the previous year, the business posted ($2.25) EPS. Equities analysts forecast that Vicarious Surgical will post -10.89 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Vicarious Surgical

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in Vicarious Surgical by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 11,534 shares of the company’s stock worth $152,000 after purchasing an additional 1,200 shares during the period. Geode Capital Management LLC increased its position in shares of Vicarious Surgical by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 30,799 shares of the company’s stock worth $405,000 after acquiring an additional 2,336 shares in the last quarter. Finally, DnB Asset Management AS increased its position in shares of Vicarious Surgical by 21.1% during the fourth quarter. DnB Asset Management AS now owns 21,213 shares of the company’s stock worth $279,000 after acquiring an additional 3,692 shares in the last quarter. 47.27% of the stock is currently owned by institutional investors and hedge funds.

Vicarious Surgical Company Profile

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.