Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Up 11.6% in January

Aurora Innovation, Inc. (NASDAQ:AUR) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 79,950,000 shares, an increase of 11.6% from the January 15th total of 71,670,000 shares. Currently, 8.2% of the shares of the stock are sold short. Based on an average daily volume of 13,190,000 shares, the short-interest ratio is presently 6.1 days.

Insider Activity at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Reid Hoffman sold 537,837 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the completion of the sale, the director now directly owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. 13.83% of the stock is owned by company insiders.

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its holdings in Aurora Innovation by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after acquiring an additional 1,723 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Aurora Innovation by 11.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock valued at $135,000 after purchasing an additional 2,216 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares during the last quarter. Twin Tree Management LP raised its stake in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after buying an additional 3,047 shares in the last quarter. Finally, ASB Consultores LLC raised its stake in Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after buying an additional 3,088 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

Shares of AUR stock traded up $0.77 during trading hours on Friday, reaching $10.19. 38,214,166 shares of the company’s stock were exchanged, compared to its average volume of 11,015,713. The company’s 50 day moving average is $7.14 and its two-hundred day moving average is $5.88. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities analysts forecast that Aurora Innovation will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a research report on Thursday. Canaccord Genuity Group boosted their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. TD Cowen raised their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.30.

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.