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

Aurora Cannabis Inc. (NASDAQ:ACB) was the recipient of a large growth in short interest in the month of 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 daily volume of 930,400 shares, the short-interest ratio is presently 4.9 days. Currently, 8.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Aurora Cannabis

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

Wall Street Analysts Forecast Growth

ACB has been the topic of several analyst reports. TD Cowen started coverage on Aurora Cannabis in a research note on Wednesday, December 11th. They issued a “buy” rating on the stock. TD Securities raised shares of Aurora Cannabis to a “strong-buy” rating in a report on Thursday, December 12th.

Aurora Cannabis Trading Down 2.8 %

Shares of ACB stock opened at $3.85 on Monday. Aurora Cannabis has a fifty-two week low of $2.84 and a fifty-two week high of $9.35. 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 stock’s fifty day moving average is $4.35 and its two-hundred day moving average is $5.31. The firm has a market capitalization of $211.29 million, a P/E ratio of -5.07 and a beta of 1.86.

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.