Aurora Innovation, Inc. (NASDAQ:AUR) Sees Large Decrease in Short Interest

Aurora Innovation, Inc. (NASDAQ:AUR) was the target 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. Approximately 11.1% of the company’s shares are short sold. Based on an average trading volume of 10,440,000 shares, the short-interest ratio is currently 9.4 days.

Aurora Innovation Trading Down 1.3 %

NASDAQ AUR traded down $0.06 on Wednesday, hitting $4.70. The company’s stock had a trading volume of 480,884 shares, compared to its average volume of 8,503,322. Aurora Innovation has a 52-week low of $1.60 and a 52-week high of $5.24. The firm has a market cap of $7.37 billion, a P/E ratio of -8.65 and a beta of 2.78. The company’s 50-day simple moving average is $4.07 and its 200 day simple moving average is $3.17.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AUR. Algert Global LLC boosted its position in shares of Aurora Innovation by 72.9% during the second quarter. Algert Global LLC now owns 265,921 shares of the company’s stock valued at $737,000 after purchasing an additional 112,131 shares in the last quarter. Scientech Research LLC bought a new stake in shares of Aurora Innovation during the 2nd quarter valued at $439,000. The Manufacturers Life Insurance Company grew its position in shares of Aurora Innovation by 67.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company’s stock worth $1,386,000 after buying an additional 202,413 shares during the period. Employees Retirement System of Texas increased its stake in shares of Aurora Innovation by 581.2% in the 2nd quarter. Employees Retirement System of Texas now owns 262,442 shares of the company’s stock worth $727,000 after acquiring an additional 223,913 shares in the last quarter. Finally, Xponance Inc. lifted its position in Aurora Innovation by 147.4% during the 2nd quarter. Xponance Inc. now owns 53,168 shares of the company’s stock valued at $147,000 after acquiring an additional 31,678 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.