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

Agora, Inc. (NASDAQ:API) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 2,480,000 shares, a growth 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 short-interest ratio is currently 0.8 days. Currently, 3.5% of the company’s stock are short sold.

Institutional Trading of Agora

A number of hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in 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 acquiring an additional 5,051 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Agora by 23.5% during the second 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. Bank of Montreal Can bought a new stake in shares of Agora during the 2nd quarter valued at approximately $777,000. Clearline Capital LP raised its position in Agora by 41.8% in the second quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock valued at $261,000 after purchasing an additional 36,244 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Agora during the 3rd quarter worth $28,000. 40.40% of the stock is owned by institutional investors and hedge funds.

Agora Stock Performance

Shares of API traded down $0.15 during midday trading on Friday, reaching $4.40. The stock had a trading volume of 662,161 shares, compared to its average volume of 920,075. Agora has a one year low of $1.65 and a one year high of $6.64. The firm has a market cap of $405.69 million, a PE ratio of -8.98 and a beta of 0.29. The firm has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $3.09. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06.

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.