Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Increases By 11.6%

Aurora Innovation, Inc. (NASDAQ:AUR) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 79,950,000 shares, an increase of 11.6% from the January 15th total of 71,670,000 shares. Currently, 8.2% of the shares of the stock are sold short. Based on an average daily volume of 13,190,000 shares, the days-to-cover ratio is presently 6.1 days.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

Several large investors have recently bought and sold shares of AUR. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares during the last quarter. Souders Financial Advisors acquired a new position in shares of Aurora Innovation in the 3rd quarter worth approximately $59,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aurora Innovation in the 3rd quarter worth approximately $60,000. Finally, Sigma Planning Corp acquired a new position in shares of Aurora Innovation in the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $10.19 on Monday. The firm’s 50-day moving average is $7.14 and its 200-day moving average is $5.89. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77. The company has a market cap of $17.51 billion, a P/E ratio of -20.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, sell-side analysts predict that Aurora Innovation will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AUR shares. The Goldman Sachs Group raised their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday. TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Wolfe Research initiated coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and an average target price of $6.30.

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.