Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Update

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

Wall Street Analyst Weigh In

Several research analysts recently commented on AUR shares. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. The Goldman Sachs Group downgraded shares of Aurora Innovation from a “neutral” rating to a “sell” rating and raised their price target for the stock from $1.75 to $2.00 in a research note on Wednesday, January 3rd. Finally, TD Cowen reduced their price target on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, March 15th.

Insider Activity

In other news, Director Reid Hoffman sold 592,249 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $2.77, for a total value of $1,640,529.73. Following the sale, the director now owns 648,563 shares of the company’s stock, valued at $1,796,519.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in Aurora Innovation by 91.9% during the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock worth $31,000 after acquiring an additional 3,400 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Aurora Innovation by 21.8% in the 4th quarter. US Bancorp DE now owns 24,568 shares of the company’s stock valued at $107,000 after buying an additional 4,391 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Aurora Innovation by 26.5% in the 2nd quarter. Rhumbline Advisers now owns 27,374 shares of the company’s stock valued at $52,000 after buying an additional 5,726 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Aurora Innovation by 51.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company’s stock valued at $75,000 after buying an additional 5,859 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Aurora Innovation by 22.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,089 shares of the company’s stock valued at $85,000 after buying an additional 6,675 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $3.00 on Wednesday. Aurora Innovation has a 1 year low of $1.28 and a 1 year high of $4.81. The firm’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.73. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -4.92 and a beta of 2.91.

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

About Aurora Innovation

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.