Aurora Cannabis Inc. (NASDAQ:ACB - Get Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,380,000 shares, a growth of 55.9% from the October 31st total of 2,810,000 shares. Currently, 8.0% of the shares of the company are sold short. Based on an average daily trading volume, of 985,600 shares, the days-to-cover ratio is currently 4.4 days.
Institutional Investors Weigh In On Aurora Cannabis
Several institutional investors have recently added to or reduced their stakes in ACB. Cubist Systematic Strategies LLC purchased a new stake in shares of Aurora Cannabis in the second quarter worth about $50,000. Cetera Advisors LLC purchased a new stake in shares of Aurora Cannabis in the first quarter worth about $59,000. Toronto Dominion Bank lifted its holdings in shares of Aurora Cannabis by 34,356.4% in the second quarter. Toronto Dominion Bank now owns 18,951 shares of the company's stock worth $88,000 after buying an additional 18,896 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of Aurora Cannabis by 121.1% in the second quarter. Baader Bank Aktiengesellschaft now owns 22,789 shares of the company's stock worth $100,000 after buying an additional 12,481 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Aurora Cannabis in the second quarter worth about $113,000. 47.63% of the stock is owned by hedge funds and other institutional investors.
Aurora Cannabis Stock Performance
NASDAQ ACB traded up $0.01 during trading on Friday, hitting $4.55. 224,229 shares of the company's stock traded hands, compared to its average volume of 2,963,407. The stock has a market capitalization of $249.52 million, a price-to-earnings ratio of -6.04 and a beta of 1.87. Aurora Cannabis has a 12-month low of $2.84 and a 12-month high of $9.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.83. The business has a 50 day moving average of $5.26 and a 200-day moving average of $5.73.
Aurora Cannabis Company Profile
(
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Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
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