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

Vicarious Surgical Inc (NYSE:RBOT) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 65,800 shares, a drop of 28.9% from the October 15th total of 92,600 shares. Based on an average daily volume of 18,600 shares, the days-to-cover ratio is currently 3.5 days.

Vicarious Surgical Stock Up 15.0 %

Shares of Vicarious Surgical stock traded up $1.37 during trading hours on Thursday, reaching $10.52. 60,459 shares of the company’s stock were exchanged, compared to its average volume of 25,947. The business has a fifty day moving average of $6.95 and a two-hundred day moving average of $7.64. The company has a market capitalization of $62.07 million, a P/E ratio of -0.97 and a beta of 1.02. Vicarious Surgical has a 1 year low of $4.27 and a 1 year high of $21.43.

Vicarious Surgical (NYSE:RBOT) last issued its quarterly earnings data on Monday, August 12th. The company reported ($2.86) earnings per share for the quarter, topping the consensus estimate of ($2.98) by $0.12. As a group, research analysts predict that Vicarious Surgical will post -10.07 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price target on shares of Vicarious Surgical from $12.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday.

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.