Aurora Cannabis Inc. (NASDAQ:ACB) Short Interest Update

Aurora Cannabis Inc. (NASDAQ:ACB) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 4,520,000 shares, a growth of 5.9% from the December 15th total of 4,270,000 shares. Based on an average trading volume of 930,400 shares, the days-to-cover ratio is presently 4.9 days. Currently, 8.3% of the shares of the company are short sold.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Cowen started coverage on shares of Aurora Cannabis in a report on Wednesday, December 11th. They issued a “buy” rating for the company. TD Securities raised Aurora Cannabis to a “strong-buy” rating in a research note on Thursday, December 12th.

Aurora Cannabis Price Performance

Shares of NASDAQ:ACB opened at $3.85 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.83. The firm has a market cap of $211.29 million, a price-to-earnings ratio of -5.07 and a beta of 1.86. The firm has a fifty day moving average price of $4.33 and a 200 day moving average price of $5.31. Aurora Cannabis has a fifty-two week low of $2.84 and a fifty-two week high of $9.35.

Institutional Investors Weigh In On Aurora Cannabis

A number of hedge funds have recently made changes to their positions in the company. Tidal Investments LLC raised its holdings in Aurora Cannabis by 2.7% during the 3rd quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock valued at $7,905,000 after buying an additional 34,988 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Aurora Cannabis in the second quarter valued at $113,000. Toronto Dominion Bank lifted its holdings in shares of Aurora Cannabis by 34,356.4% in the 2nd quarter. Toronto Dominion Bank now owns 18,951 shares of the company’s stock worth $88,000 after acquiring an additional 18,896 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Aurora Cannabis in the 2nd quarter worth about $50,000. 47.63% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.