Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Update

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was the target of a significant 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. Approximately 12.7% of the shares of the company are sold short. Based on an average trading volume of 18,420,000 shares, the short-interest ratio is presently 6.7 days.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in Aurora Innovation by 431.9% during the third quarter. Barclays PLC now owns 1,709,749 shares of the company's stock worth $10,122,000 after purchasing an additional 1,388,307 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Aurora Innovation in the fourth quarter worth $95,000. KBC Group NV lifted its position in Aurora Innovation by 41.9% in the 4th quarter. KBC Group NV now owns 37,034 shares of the company's stock valued at $233,000 after purchasing an additional 10,942 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after buying an additional 4,955 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new position in Aurora Innovation during the 4th quarter worth $65,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, TD Cowen initiated coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Price Performance

AUR stock traded up $0.04 during midday trading on Wednesday, reaching $5.81. 16,116,412 shares of the company's stock traded hands, compared to its average volume of 13,588,372. The business has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.88. The company has a market capitalization of $10.28 billion, a P/E ratio of -12.36 and a beta of 2.76. Aurora Innovation has a fifty-two week low of $2.12 and a fifty-two week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, research analysts forecast that Aurora Innovation will post -0.49 earnings per share 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.