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

Aurora Innovation, Inc. (NASDAQ:AURGet Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 51,580,000 shares, an increase of 6.7% from the February 29th total of 48,320,000 shares. Approximately 7.2% of the company’s shares are sold short. Based on an average daily trading volume, of 6,480,000 shares, the days-to-cover ratio is currently 8.0 days.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on Aurora Innovation

Insider Activity

In related news, Director Reid Hoffman sold 592,249 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $2.77, for a total value of $1,640,529.73. Following the transaction, 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 can be accessed through the SEC website. Insiders own 17.70% of the company’s stock.

Institutional Trading of Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in AUR. Commonwealth Equity Services LLC acquired a new position in shares of Aurora Innovation in the third quarter worth $27,000. Willis Johnson & Associates Inc. acquired a new position in shares of Aurora Innovation in the third quarter worth $29,000. Teacher Retirement System of Texas acquired a new position in shares of Aurora Innovation in the fourth quarter worth $29,000. ExodusPoint Capital Management LP acquired a new position in shares of Aurora Innovation during the second quarter worth $30,000. Finally, Parallel Advisors LLC lifted its position in Aurora Innovation by 91.9% in the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Up 3.5 %

AUR traded up $0.10 during trading on Wednesday, reaching $2.96. The company’s stock had a trading volume of 3,077,477 shares, compared to its average volume of 6,574,615. The firm has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $2.70. Aurora Innovation has a 1 year low of $1.20 and a 1 year high of $4.81.

Aurora Innovation (NASDAQ:AURGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter.

About Aurora Innovation

(Get Free Report)

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.

See Also

Receive News & Ratings for Aurora Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aurora Innovation and related companies with MarketBeat.com's FREE daily email newsletter.