Agora, Inc. (NASDAQ:API - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,160,000 shares, a growth of 20.0% from the January 31st total of 1,800,000 shares. Approximately 3.1% of the company's stock are short sold. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is currently 1.4 days.
Agora Stock Up 2.7 %
Shares of API traded up $0.14 during mid-day trading on Friday, reaching $5.37. The company's stock had a trading volume of 484,979 shares, compared to its average volume of 1,124,651. The business has a fifty day moving average of $5.21 and a 200 day moving average of $4.09. The company has a market cap of $495.12 million, a price-to-earnings ratio of -10.96, a price-to-earnings-growth ratio of 4.36 and a beta of 0.37. Agora has a 1 year low of $1.65 and a 1 year high of $6.99. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.06.
Analyst Upgrades and Downgrades
Separately, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating and increased their target price for the company from $3.10 to $6.00 in a report on Thursday, January 16th.
Read Our Latest Stock Analysis on API
Institutional Trading of Agora
A number of hedge funds have recently modified their holdings of the business. TMT General Partner Ltd purchased a new stake in shares of Agora during the fourth quarter worth $13,004,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Agora during the fourth quarter worth $12,459,000. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Agora during the fourth quarter worth $10,192,000. Harber Asset Management LLC raised its holdings in shares of 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 acquiring an additional 123,523 shares in the last quarter. Finally, Hhlr Advisors LTD. purchased a new stake in shares of Agora during the fourth quarter worth $8,730,000. Hedge funds and other institutional investors own 40.40% of the company's stock.
About Agora
(
Get Free Report)
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.
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