Agora, Inc. (NASDAQ:API – Get Free Report) was the recipient of a large increase in short interest in 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 daily 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 company are short sold.
Agora Trading Down 4.5 %
NASDAQ:API opened at $4.20 on Tuesday. The stock’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $3.10. The company has a market cap of $387.25 million, a P/E ratio of -8.57 and a beta of 0.29. 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.
Institutional Investors Weigh In On Agora
Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Agora by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock valued at $1,471,000 after buying an additional 2,791 shares in the last quarter. Clearline Capital LP increased its holdings in Agora by 4.0% during the third 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 last quarter. Acadian Asset Management LLC raised its position in Agora by 8.4% in 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. Quadrature Capital Ltd purchased a new position in shares of Agora during the 3rd quarter worth $27,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Agora during the third quarter valued at $28,000. 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.
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