Short Interest in Agora, Inc. (NASDAQ:API) Decreases By 25.4%

Agora, Inc. (NASDAQ:API) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,850,000 shares, a decrease of 25.4% from the December 15th total of 2,480,000 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,590,000 shares, the short-interest ratio is currently 1.2 days.

Agora Trading Up 5.0 %

Shares of Agora stock traded up $0.19 during mid-day trading on Wednesday, hitting $3.98. The stock had a trading volume of 189,182 shares, compared to its average volume of 519,920. The firm has a 50-day moving average of $4.60 and a two-hundred day moving average of $3.23. Agora has a 12-month low of $1.65 and a 12-month high of $6.64. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.06. The firm has a market cap of $366.96 million, a P/E ratio of -8.12 and a beta of 0.34.

Institutional Trading of Agora

Several hedge funds have recently made changes to their positions in API. Quadrature Capital Ltd purchased a new stake in shares of Agora in the 3rd quarter valued at approximately $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Agora in the 3rd quarter valued at approximately $28,000. Acadian Asset Management LLC grew its stake in shares of Agora by 8.4% in the 2nd quarter. Acadian Asset Management LLC now owns 65,078 shares of the company’s stock valued at $137,000 after buying an additional 5,051 shares during the period. Clearline Capital LP grew its stake in shares of Agora by 41.8% in the 2nd quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock valued at $261,000 after buying an additional 36,244 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Agora by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock worth $585,000 after purchasing an additional 52,432 shares during the period. Hedge funds and other 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.