Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Declines By 8.1%

Aurora Innovation, Inc. (NASDAQ:AUR) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 90,170,000 shares, a drop of 8.1% from the August 31st total of 98,070,000 shares. Currently, 9.7% of the company’s shares are sold short. Based on an average trading volume of 10,480,000 shares, the days-to-cover ratio is currently 8.6 days.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday.

Aurora Innovation Stock Down 0.2 %

NASDAQ AUR opened at $5.91 on Tuesday. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of -10.76 and a beta of 2.78. Aurora Innovation has a 52 week low of $1.60 and a 52 week high of $6.79. The company has a fifty day moving average of $4.31 and a two-hundred day moving average of $3.36.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01.

Institutional Trading of Aurora Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Aurora Innovation by 42.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,570,607 shares of the company’s stock worth $33,098,000 after purchasing an additional 2,243,528 shares during the last quarter. Parallel Advisors LLC grew its holdings 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 purchasing an additional 3,400 shares during the period. New Age Alpha Advisors LLC acquired a new position in Aurora Innovation in the fourth quarter valued at $1,092,000. Blueshift Asset Management LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter valued at approximately $53,000. Finally, Cadian Capital Management LP acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at about $17,914,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Company Profile

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.