Short Interest in Aurora Cannabis Inc (TSE) (ACB) Rises By 24.1%

Aurora Cannabis Inc (TSE) (NYSE:ACB) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 90,258,188 shares, an increase of 24.1% from the October 31st total of 72,713,568 shares. Based on an average daily volume of 17,383,895 shares, the days-to-cover ratio is presently 5.2 days.

An institutional investor recently bought a new position in Aurora Cannabis Inc (TSE) stock. Griffin Asset Management Inc. purchased a new position in shares of Aurora Cannabis Inc (TSE) (NYSE:ACB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,316 shares of the company’s stock, valued at approximately $128,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

Aurora Cannabis Inc (TSE) stock opened at $5.69 on Tuesday. Aurora Cannabis Inc has a fifty-two week low of $4.05 and a fifty-two week high of $12.52. The stock has a market cap of $5.70 billion and a P/E ratio of 30.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.68 and a current ratio of 6.54.

Aurora Cannabis Inc (TSE) (NYSE:ACB) last released its quarterly earnings results on Monday, November 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.13. Aurora Cannabis Inc (TSE) had a net margin of 224.33% and a return on equity of 8.57%. The business had revenue of $22.71 million for the quarter.

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Aurora Cannabis Inc (TSE) Company Profile

Aurora Cannabis Inc produces and distributes medical cannabis products. It is vertically integrated and horizontally diversified across various segments of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution.

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