Aurora Cannabis Inc. (NASDAQ:ACB - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,520,000 shares, an increase of 5.9% from the December 31st total of 4,270,000 shares. Based on an average daily trading volume, of 930,400 shares, the days-to-cover ratio is presently 4.9 days. Currently, 8.3% of the company's stock are short sold.
Aurora Cannabis Stock Up 16.4 %
Shares of NASDAQ ACB traded up $0.88 during mid-day trading on Thursday, hitting $6.25. The company had a trading volume of 21,123,756 shares, compared to its average volume of 4,483,580. Aurora Cannabis has a one year low of $2.84 and a one year high of $9.35. The company has a market capitalization of $342.88 million, a PE ratio of -8.22 and a beta of 1.85. The company has a current ratio of 3.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $4.24 and a two-hundred day simple moving average of $5.16.
Aurora Cannabis (NASDAQ:ACB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.15. Aurora Cannabis had a negative return on equity of 2.19% and a negative net margin of 17.47%. On average, equities analysts expect that Aurora Cannabis will post -0.1 EPS for the current year.
Hedge Funds Weigh In On Aurora Cannabis
A number of institutional investors have recently added to or reduced their stakes in ACB. SBI Securities Co. Ltd. bought a new position in shares of Aurora Cannabis in the 4th quarter valued at about $31,000. Cubist Systematic Strategies LLC bought a new stake in shares of Aurora Cannabis in the 2nd quarter valued at about $50,000. Mackenzie Financial Corp acquired a new stake in Aurora Cannabis in the 2nd quarter valued at about $113,000. Wealthspire Advisors LLC bought a new position in Aurora Cannabis during the fourth quarter worth about $149,000. Finally, Tidal Investments LLC increased its position in Aurora Cannabis by 2.7% during the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company's stock worth $7,905,000 after buying an additional 34,988 shares during the last quarter. 47.63% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ACB has been the subject of several research reports. TD Securities raised shares of Aurora Cannabis to a "strong-buy" rating in a research note on Thursday, December 12th. TD Cowen started coverage on shares of Aurora Cannabis in a report on Wednesday, December 11th. They set a "buy" rating for the company.
Check Out Our Latest Stock Analysis on ACB
Aurora Cannabis Company Profile
(
Get Free Report)
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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