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

Aurora Cannabis Inc. (NASDAQ:ACB) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,140,000 shares, a growth of 60.2% from the March 31st total of 5,080,000 shares. Approximately 52.6% of the shares of the company are short sold. Based on an average daily trading volume, of 5,730,000 shares, the short-interest ratio is presently 1.4 days.

Aurora Cannabis Price Performance

Shares of NASDAQ ACB opened at $6.70 on Friday. Aurora Cannabis has a twelve month low of $2.84 and a twelve month high of $11.50. The stock’s 50 day moving average price is $4.69 and its 200-day moving average price is $4.60. The company has a market capitalization of $365.42 million, a PE ratio of -2.31 and a beta of 2.36. The company has a quick ratio of 2.45, a current ratio of 3.79 and a debt-to-equity ratio of 0.14.

Aurora Cannabis (NASDAQ:ACB) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). Aurora Cannabis had a negative net margin of 48.82% and a negative return on equity of 23.27%. The firm had revenue of $53.34 million during the quarter, compared to analysts’ expectations of $45.94 million. On average, equities analysts anticipate that Aurora Cannabis will post -0.85 EPS for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded Aurora Cannabis from a “hold” rating to a “buy” rating in a research note on Friday, February 9th.

Hedge Funds Weigh In On Aurora Cannabis

Several institutional investors have recently bought and sold shares of ACB. Vontobel Holding Ltd. lifted its stake in Aurora Cannabis by 67.5% in the third quarter. Vontobel Holding Ltd. now owns 125,304 shares of the company’s stock valued at $73,000 after purchasing an additional 50,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Aurora Cannabis by 6.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,888,202 shares of the company’s stock valued at $1,690,000 after purchasing an additional 172,049 shares during the last quarter. Cambria Investment Management L.P. raised its holdings in Aurora Cannabis by 115.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 386,365 shares of the company’s stock valued at $226,000 after acquiring an additional 207,095 shares during the period. MMCAP International Inc. SPC bought a new stake in Aurora Cannabis during the 3rd quarter valued at $4,659,000. Finally, Toronto Dominion Bank raised its holdings in Aurora Cannabis by 219.4% during the 3rd quarter. Toronto Dominion Bank now owns 62,943 shares of the company’s stock valued at $37,000 after acquiring an additional 43,236 shares during the period. Hedge funds and other institutional investors own 47.63% of the company’s stock.

About Aurora Cannabis

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.