Short Interest in Aurora Innovation, Inc. (NASDAQ:AUR) Increases By 7.8%

Aurora Innovation, Inc. (NASDAQ:AUR – Get Rating) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 11,120,000 shares, a growth of 7.8% from the February 13th total of 10,320,000 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily volume of 2,190,000 shares, the short-interest ratio is currently 5.1 days.

Insiders Place Their Bets

In other Aurora Innovation news, Director Sterling Anderson sold 49,563 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $2.05, for a total value of $101,604.15. Following the completion of the sale, the director now directly owns 253,497 shares of the company’s stock, valued at $519,668.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.81% of the stock is currently owned by insiders.

Institutional Trading of Aurora Innovation

Several hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of Aurora Innovation during the third quarter valued at about $27,000. Commonwealth Equity Services LLC bought a new position in shares of Aurora Innovation during the third quarter valued at about $27,000. Royal Bank of Canada raised its stake in shares of Aurora Innovation by 137.9% during the first quarter. Royal Bank of Canada now owns 14,465 shares of the company’s stock valued at $80,000 after acquiring an additional 8,385 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Aurora Innovation during the second quarter valued at about $30,000. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of Aurora Innovation during the first quarter valued at about $98,000. 46.54% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $1.36 on Friday. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.77. Aurora Innovation has a twelve month low of $1.10 and a twelve month high of $6.54.

About Aurora Innovation

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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 passenger vehicles, light commercial vehicles, and trucks.