Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Expands By 10.3%

Aurora Innovation, Inc. (NASDAQ:AURGet Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 47,510,000 shares, an increase of 10.3% from the August 15th total of 43,080,000 shares. Based on an average daily volume of 8,970,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 9.0% of the company’s stock are short sold.

Aurora Innovation Trading Up 3.0 %

NASDAQ AUR traded up $0.10 on Monday, hitting $3.48. 2,569,932 shares of the company traded hands, compared to its average volume of 4,858,003. The business’s 50 day moving average price is $3.20 and its 200-day moving average price is $2.20. Aurora Innovation has a 52-week low of $1.10 and a 52-week high of $3.92. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -4.39 and a beta of 2.52.

Aurora Innovation (NASDAQ:AURGet Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.18) earnings per share for the quarter. Aurora Innovation had a negative return on equity of 45.90% and a negative net margin of 2,546.55%.

Insider Activity

In related news, Director Sterling Anderson sold 200,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.57, for a total value of $714,000.00. Following the sale, the director now directly owns 61,933 shares of the company’s stock, valued at $221,100.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 3,671,049 shares of company stock worth $10,911,608 in the last quarter. 18.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC boosted its stake in shares of Aurora Innovation by 20.9% in the second quarter. Tradewinds Capital Management LLC now owns 21,829 shares of the company’s stock worth $64,000 after acquiring an additional 3,780 shares during the period. Rhumbline Advisers raised its position in shares of Aurora Innovation by 26.5% during the second quarter. Rhumbline Advisers now owns 27,374 shares of the company’s stock valued at $52,000 after buying an additional 5,726 shares during the last quarter. Atom Investors LP lifted its holdings in shares of Aurora Innovation by 16.2% in the fourth quarter. Atom Investors LP now owns 49,338 shares of the company’s stock worth $60,000 after buying an additional 6,867 shares in the last quarter. US Bancorp DE boosted its position in shares of Aurora Innovation by 61.0% during the second quarter. US Bancorp DE now owns 19,337 shares of the company’s stock worth $57,000 after acquiring an additional 7,328 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in Aurora Innovation by 27.7% during the first quarter. Virtu Financial LLC now owns 33,883 shares of the company’s stock valued at $189,000 after acquiring an additional 7,355 shares in the last quarter. Hedge funds and other institutional investors own 42.34% of the company’s stock.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price target on Aurora Innovation from $1.25 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th. Evercore ISI began coverage on shares of Aurora Innovation in a research note on Tuesday, September 12th. They issued an “inline” rating and a $4.00 price target for the company. Finally, Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th.

Check Out Our Latest Report on Aurora Innovation

About Aurora Innovation

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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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