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

Agora, Inc. (NASDAQ:API) saw a large decrease in short interest in 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 stock are sold short. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Agora

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Agora by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock worth $1,471,000 after buying an additional 2,791 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Agora in the 3rd quarter valued at $27,000. Harber Asset Management LLC raised its holdings in shares of Agora by 6.1% in the 3rd quarter. Harber Asset Management LLC now owns 2,141,000 shares of the company’s stock valued at $5,160,000 after purchasing an additional 123,523 shares in the last quarter. Clearline Capital LP raised its holdings in shares of Agora by 4.0% in the 3rd quarter. Clearline Capital LP now owns 127,974 shares of the company’s stock valued at $308,000 after purchasing an additional 4,975 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Agora in the 3rd quarter valued at $28,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Agora Stock Up 5.0 %

Agora stock traded up $0.19 during mid-day trading on Wednesday, reaching $3.98. 189,182 shares of the company’s stock were exchanged, compared to its average volume of 519,920. The company has a market cap of $366.96 million, a P/E ratio of -8.12 and a beta of 0.34. Agora has a twelve month low of $1.65 and a twelve 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 company has a fifty day moving average of $4.60 and a 200-day moving average of $3.23.

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.