Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Decreases By 6.3%

Aurora Innovation, Inc. (NASDAQ:AUR) was the recipient of a large drop in short interest during the month of 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. Based on an average daily trading volume, of 10,440,000 shares, the short-interest ratio is currently 9.4 days. Currently, 11.1% of the shares of the company are short sold.

Aurora Innovation Stock Down 1.3 %

NASDAQ:AUR traded down $0.06 during trading hours on Wednesday, hitting $4.70. 480,884 shares of the stock traded hands, compared to its average volume of 8,503,322. The company has a market cap of $7.37 billion, a price-to-earnings ratio of -8.65 and a beta of 2.78. Aurora Innovation has a 1 year low of $1.60 and a 1 year high of $5.24. The stock has a 50 day moving average price of $4.07 and a 200 day moving average price of $3.17.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in Aurora Innovation by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,171,940 shares of the company’s stock worth $22,601,000 after purchasing an additional 353,301 shares during the last quarter. Vanguard Group Inc. raised its holdings in Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after buying an additional 1,267,962 shares during the period. Cadian Capital Management LP bought a new stake in Aurora Innovation in the fourth quarter worth $17,914,000. Empowered Funds LLC raised its stake 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 acquiring an additional 5,386 shares during the period. Finally, Foxhaven Asset Management LP bought a new stake in shares of Aurora Innovation in the 4th quarter worth about $19,123,000. 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.