Aurora Innovation, Inc. (NASDAQ:AUR) Sees Large Decrease in Short Interest

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 98,070,000 shares, a drop of 6.3% from the August 15th total of 104,630,000 shares. Currently, 11.1% of the company's stock are short sold. Based on an average daily volume of 10,440,000 shares, the days-to-cover ratio is currently 9.4 days.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded down $0.02 during trading on Wednesday, hitting $4.74. 5,779,965 shares of the company were exchanged, compared to its average volume of 8,533,636. The firm's 50 day moving average price is $4.07 and its 200-day moving average price is $3.17. The stock has a market capitalization of $7.44 billion, a P/E ratio of -9.25 and a beta of 2.78. Aurora Innovation has a 12-month low of $1.60 and a 12-month high of $5.24.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings 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 valued at $31,000 after buying an additional 3,400 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Aurora Innovation during the 2nd quarter valued at approximately $30,000. Blueshift Asset Management LLC acquired a new stake in Aurora Innovation during the 4th quarter worth approximately $53,000. Profund Advisors LLC purchased a new position in shares of Aurora Innovation in the 2nd quarter valued at approximately $46,000. Finally, Empowered Funds LLC increased its holdings in shares of Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company's stock valued at $50,000 after purchasing an additional 5,386 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Company Profile

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.