Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 85,570,000 shares, a growth of 11.7% from the June 15th total of 76,580,000 shares. Currently, 10.8% of the company’s shares are sold short. Based on an average daily trading volume, of 9,200,000 shares, the days-to-cover ratio is currently 9.3 days.
Aurora Innovation Stock Performance
Shares of NASDAQ:AUR traded up $0.91 during midday trading on Monday, hitting $4.61. 22,190,094 shares of the company’s stock traded hands, compared to its average volume of 8,179,007. The firm’s fifty day moving average price is $2.70 and its two-hundred day moving average price is $2.86. Aurora Innovation has a twelve month low of $1.60 and a twelve month high of $4.81. The company has a market cap of $7.16 billion, a PE ratio of -7.78 and a beta of 2.75.
Aurora Innovation (NASDAQ:AUR – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter.
Insider Buying and Selling
Hedge Funds Weigh In On Aurora Innovation
Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its holdings in Aurora Innovation by 11.6% in the first quarter. California State Teachers Retirement System now owns 655,322 shares of the company’s stock worth $1,848,000 after acquiring an additional 67,921 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Aurora Innovation by 45.3% in the 1st quarter. Janus Henderson Group PLC now owns 393,575 shares of the company’s stock worth $1,112,000 after purchasing an additional 122,630 shares during the last quarter. PEAK6 Investments LLC acquired a new position in Aurora Innovation during the 1st quarter valued at approximately $58,000. EntryPoint Capital LLC bought a new position in shares of Aurora Innovation during the first quarter worth about $128,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Aurora Innovation by 74.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 287,710 shares of the company’s stock valued at $812,000 after buying an additional 122,635 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.
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.
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