Short Interest in Agora, Inc. (NASDAQ:API) Increases By 22.8%

Agora, Inc. (NASDAQ:API - Get Free Report) was the recipient of a large increase in short interest in 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. Currently, 3.5% of the company's shares are short sold. Based on an average daily volume of 3,000,000 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Agora

A number of institutional investors and hedge funds have recently modified their holdings of API. Quadrature Capital Ltd bought a new stake in Agora during the 3rd quarter valued at about $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Agora during the third quarter worth approximately $28,000. Acadian Asset Management LLC increased its position in shares of Agora by 8.4% during the second quarter. Acadian Asset Management LLC now owns 65,078 shares of the company's stock worth $137,000 after acquiring an additional 5,051 shares during the period. Clearline Capital LP raised its stake in shares of Agora by 41.8% during the second quarter. Clearline Capital LP now owns 122,999 shares of the company's stock valued at $261,000 after acquiring an additional 36,244 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Agora by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company's stock valued at $585,000 after purchasing an additional 52,432 shares during the period. 40.40% of the stock is owned by institutional investors.

Agora Trading Down 3.3 %

Shares of NASDAQ:API traded down $0.15 during trading hours on Friday, hitting $4.40. 662,161 shares of the company's stock traded hands, compared to its average volume of 920,075. The firm has a market capitalization of $405.69 million, a P/E ratio of -8.98 and a beta of 0.29. The business has a fifty day moving average price of $4.32 and a 200-day moving average price of $3.09. Agora has a 1 year low of $1.65 and a 1 year high of $6.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15.

About Agora

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.