Agora, Inc. (NASDAQ:API) Short Interest Update

Agora, Inc. (NASDAQ:API) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,480,000 shares, an increase of 22.8% from the November 30th total of 2,020,000 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.5% of the shares of the stock are short sold.

Agora Trading Down 4.5 %

API opened at $4.20 on Tuesday. Agora has a one year low of $1.65 and a one year high of $6.64. The stock has a market cap of $387.25 million, a price-to-earnings ratio of -8.57 and a beta of 0.29. The stock’s 50 day moving average price is $4.35 and its 200-day moving average price is $3.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15.

Hedge Funds Weigh In On Agora

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Agora by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock valued at $1,471,000 after acquiring an additional 2,791 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Agora in the 3rd quarter valued at $27,000. Harber Asset Management LLC lifted its position in Agora by 6.1% during the third quarter. Harber Asset Management LLC now owns 2,141,000 shares of the company’s stock worth $5,160,000 after buying an additional 123,523 shares in the last quarter. Clearline Capital LP grew its stake in shares of Agora by 4.0% in the 3rd quarter. Clearline Capital LP now owns 127,974 shares of the company’s stock valued at $308,000 after buying an additional 4,975 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Agora during the 3rd quarter worth about $28,000. Institutional investors own 40.40% of the company’s stock.

Agora Company Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.