Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Up 39.2% in May

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 124,010,000 shares, an increase of 39.2% from the April 30th total of 89,100,000 shares. Based on an average daily trading volume, of 18,420,000 shares, the short-interest ratio is presently 6.7 days. Approximately 12.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Canaccord Genuity Group raised their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price on the stock. Finally, Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its position in Aurora Innovation by 15.0% during the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after buying an additional 1,717 shares in the last quarter. CIBC Asset Management Inc lifted 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 purchasing an additional 1,723 shares in the last quarter. United Bank boosted its stake in shares of Aurora Innovation by 17.0% during the 1st quarter. United Bank now owns 13,064 shares of the company's stock worth $88,000 after purchasing an additional 1,900 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Aurora Innovation by 3.0% in the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock valued at $475,000 after buying an additional 2,061 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Price Performance

Shares of AUR stock traded down $0.16 during trading on Friday, reaching $6.08. The company's stock had a trading volume of 15,006,011 shares, compared to its average volume of 13,449,949. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The stock's 50-day moving average price is $6.60 and its 200 day moving average price is $6.89. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of -12.94 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). On average, sell-side analysts anticipate that Aurora Innovation will post -0.49 EPS for the current fiscal year.

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.