Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Up 10.3% in August

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

Analyst Ratings Changes

AUR has been the topic of a number of research reports. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $1.25 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th. TD Cowen assumed coverage on Aurora Innovation in a report on Tuesday. They issued a “market perform” rating and a $3.00 target price on the stock. Finally, Evercore ISI started coverage on Aurora Innovation in a report on Tuesday, September 12th. They set an “inline” rating and a $4.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Aurora Innovation currently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Read Our Latest Report on AUR

Insider Buying and Selling at Aurora Innovation

In other news, Director Sterling Anderson sold 9,600 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $3.53, for a total transaction of $33,888.00. Following the completion of the transaction, the director now directly owns 61,933 shares of the company’s stock, valued at $218,623.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 3,471,049 shares of company stock worth $10,445,608. 17.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently modified their holdings of AUR. Citigroup Inc. increased its holdings in Aurora Innovation by 1,460.9% in the 1st quarter. Citigroup Inc. now owns 1,609,110 shares of the company’s stock valued at $2,237,000 after acquiring an additional 1,506,019 shares during the last quarter. CTC Capital Management LLC bought a new position in Aurora Innovation during the first quarter valued at approximately $62,000. Arizona State Retirement System bought a new stake in Aurora Innovation in the 4th quarter worth approximately $74,000. Nikko Asset Management Americas Inc. raised its holdings in shares of Aurora Innovation by 16.4% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,653,046 shares of the company’s stock worth $3,184,000 after acquiring an additional 373,280 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in Aurora Innovation during the first quarter valued at $41,000. Institutional investors own 42.34% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR stock traded down $0.53 on Tuesday, hitting $3.02. 4,406,667 shares of the stock traded hands, compared to its average volume of 4,896,619. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -4.14 and a beta of 2.52. The firm has a 50 day simple moving average of $3.21 and a two-hundred day simple moving average of $2.21. Aurora Innovation has a 52 week low of $1.10 and a 52 week high of $3.92.

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

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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