Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 85,570,000 shares, an increase of 11.7% from the June 15th total of 76,580,000 shares. Based on an average daily trading volume, of 9,200,000 shares, the days-to-cover ratio is currently 9.3 days. Currently, 10.8% of the company's stock are short sold.
Aurora Innovation Stock Performance
NASDAQ AUR traded up $0.91 on Monday, hitting $4.61. 27,174,067 shares of the stock traded hands, compared to its average volume of 8,216,163. The business's fifty day moving average is $2.73 and its two-hundred day moving average is $2.86. Aurora Innovation has a 12 month low of $1.60 and a 12 month high of $4.81. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of -8.38 and a beta of 2.75.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter.
Insider Buying and Selling
In related news, Director Reid Hoffman sold 45,600 shares of the company's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $3.16, for a total transaction of $144,096.00. Following the transaction, the director now directly owns 389,694 shares of the company's stock, valued at approximately $1,231,433.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 13.83% of the stock is owned by company insiders.
Hedge Funds Weigh In On Aurora Innovation
Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Aurora Innovation by 91.9% in the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company's stock worth $31,000 after buying an additional 3,400 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Aurora Innovation in the fourth quarter worth $41,000. Blueshift Asset Management LLC purchased a new stake in Aurora Innovation during the fourth quarter valued at about $53,000. Industry Ventures L.L.C. purchased a new stake in Aurora Innovation during the fourth quarter valued at about $69,000. Finally, Nisa Investment Advisors LLC raised its position in Aurora Innovation by 51.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company's stock valued at $75,000 after purchasing an additional 5,859 shares in the last quarter. 44.71% of the stock is owned by institutional investors.
About Aurora Innovation
(
Get Free Report)
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.
Further Reading
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
