Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 90,170,000 shares, a decrease of 8.1% from the August 31st total of 98,070,000 shares. Approximately 9.7% of the shares of the stock are sold short. Based on an average trading volume of 10,480,000 shares, the short-interest ratio is presently 8.6 days.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research note on Monday.
Check Out Our Latest Research Report on AUR
Aurora Innovation Stock Performance
Aurora Innovation (NASDAQ:AUR – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01.
Institutional Trading of Aurora Innovation
Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Aurora Innovation by 42.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,570,607 shares of the company’s stock valued at $33,098,000 after purchasing an additional 2,243,528 shares during the period. Parallel Advisors LLC raised its stake in Aurora Innovation by 91.9% during the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock worth $31,000 after buying an additional 3,400 shares during the period. New Age Alpha Advisors LLC bought a new position in Aurora Innovation during the fourth quarter worth about $1,092,000. Blueshift Asset Management LLC bought a new stake in shares of Aurora Innovation in the fourth quarter worth about $53,000. Finally, Cadian Capital Management LP acquired a new stake in shares of Aurora Innovation during the fourth quarter worth about $17,914,000. 44.71% of the stock is owned by institutional investors.
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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