Agora, Inc. (NASDAQ:API) Short Interest Up 22.8% in December

Agora, Inc. (NASDAQ:API) saw a large increase in short interest during 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 stock are short sold. Based on an average daily volume of 3,000,000 shares, the short-interest ratio is presently 0.8 days.

Agora Stock Performance

Shares of Agora stock traded down $0.15 on Friday, reaching $4.40. The stock had a trading volume of 662,161 shares, compared to its average volume of 920,075. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15. Agora has a fifty-two week low of $1.65 and a fifty-two week high of $6.64. The business’s 50-day moving average price is $4.32 and its two-hundred day moving average price is $3.09. The stock has a market cap of $405.69 million, a P/E ratio of -8.98 and a beta of 0.29.

Institutional Investors Weigh In On Agora

Institutional investors have recently added to or reduced their stakes in the stock. Clearline Capital LP lifted its position in Agora by 41.8% during the 2nd quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock worth $261,000 after buying an additional 36,244 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Agora during the third quarter valued at approximately $28,000. Dimensional Fund Advisors LP raised its holdings in Agora by 23.5% in 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 acquired a new position in shares of Agora in the 2nd quarter valued at $777,000. Finally, Quadrature Capital Ltd acquired a new stake in Agora during the 3rd quarter worth $27,000. 40.40% of the stock is owned by institutional investors and hedge funds.

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.