Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Grows By 12.6%

Aurora Innovation, Inc. (NASDAQ:AURGet Rating) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 13,940,000 shares, a growth of 12.6% from the August 15th total of 12,380,000 shares. Based on an average daily trading volume, of 3,870,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 5.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of Aurora Innovation during the 1st quarter valued at about $28,000. Primecap Management Co. CA bought a new stake in Aurora Innovation in the 4th quarter valued at approximately $115,751,000. Exos Asset Management LLC lifted its stake in Aurora Innovation by 57.3% in the 1st quarter. Exos Asset Management LLC now owns 18,023 shares of the company’s stock valued at $101,000 after acquiring an additional 6,563 shares in the last quarter. Simplify Asset Management Inc. bought a new stake in Aurora Innovation in the 4th quarter valued at approximately $168,000. Finally, Skye Global Management LP bought a new stake in Aurora Innovation in the 4th quarter valued at approximately $6,396,000. Institutional investors own 46.42% of the company’s stock.

Aurora Innovation Trading Down 2.5 %

NASDAQ:AUR opened at $2.78 on Wednesday. Aurora Innovation has a fifty-two week low of $1.84 and a fifty-two week high of $17.77. The business’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $3.36.

Aurora Innovation (NASDAQ:AURGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased their target price on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, June 1st.

Aurora Innovation Company Profile

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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 passenger vehicles, light commercial vehicles, and trucks.

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