Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Expands By 7.3%

Aurora Innovation, Inc. (NASDAQ:AUR) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 55,360,000 shares, a growth of 7.3% from the March 15th total of 51,580,000 shares. Based on an average daily volume of 6,850,000 shares, the days-to-cover ratio is currently 8.1 days. Currently, 7.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AUR shares. TD Cowen lowered their price target on Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a report on Friday, March 15th. The Goldman Sachs Group downgraded Aurora Innovation from a “neutral” rating to a “sell” rating and upped their price target for the company from $1.75 to $2.00 in a report on Wednesday, January 3rd. Finally, Canaccord Genuity Group upped their price objective on Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the sale, the director now directly owns 463,563 shares in the company, valued at $1,168,178.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in AUR. Commonwealth Equity Services LLC bought a new position in Aurora Innovation during the 3rd quarter worth about $27,000. Willis Johnson & Associates Inc. bought a new position in Aurora Innovation during the 3rd quarter worth about $29,000. Teacher Retirement System of Texas bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $29,000. ExodusPoint Capital Management LP bought a new stake in shares of Aurora Innovation in the 2nd quarter valued at about $30,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Down 0.3 %

AUR traded down $0.01 during midday trading on Tuesday, reaching $2.99. The company had a trading volume of 4,429,512 shares, compared to its average volume of 6,910,364. The business has a 50-day moving average of $2.73 and a two-hundred day moving average of $2.73. The company has a market cap of $4.59 billion, a P/E ratio of -4.90 and a beta of 2.91. Aurora Innovation has a 1 year low of $1.28 and a 1 year high of $4.81.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Aurora Innovation Company Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.