Short Interest in Vicarious Surgical Inc (NYSE:RBOT) Drops By 19.3%

Vicarious Surgical Inc (NYSE:RBOT) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 86,200 shares, a drop of 19.3% from the September 15th total of 106,800 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is currently 3.6 days.

Vicarious Surgical Trading Up 1.4 %

RBOT opened at $6.41 on Monday. The stock has a fifty day moving average price of $5.98 and a 200 day moving average price of $7.70. Vicarious Surgical has a 1 year low of $4.27 and a 1 year high of $21.43. The stock has a market cap of $37.82 million, a price-to-earnings ratio of -0.62 and a beta of 1.12.

Vicarious Surgical (NYSE:RBOT) last announced its quarterly earnings results on Monday, August 12th. The company reported ($2.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.98) by $0.12. As a group, sell-side analysts forecast that Vicarious Surgical will post -10.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Vicarious Surgical from $30.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Morgan Stanley reduced their price target on shares of Vicarious Surgical from $18.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, July 15th.

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.