Agora, Inc. Sponsored ADR (NASDAQ:API) Short Interest Update

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 751,100 shares, a decrease of 26.4% from the May 15th total of 1,020,000 shares. Based on an average daily trading volume, of 706,400 shares, the short-interest ratio is presently 1.1 days. Approximately 1.1% of the shares of the company are short sold.

Agora Stock Performance

NASDAQ API traded down $0.03 during trading hours on Friday, reaching $3.69. The company's stock had a trading volume of 432,462 shares, compared to its average volume of 432,196. The stock has a market cap of $344.39 million, a PE ratio of -10.25, a PEG ratio of 2.35 and a beta of 0.56. The business has a 50-day simple moving average of $3.45 and a 200 day simple moving average of $4.40. Agora has a 52 week low of $1.65 and a 52 week high of $6.99. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Agora

A number of hedge funds have recently added to or reduced their stakes in API. Acadian Asset Management LLC bought a new stake in Agora in the 1st quarter valued at about $2,818,000. Cubist Systematic Strategies LLC bought a new stake in shares of Agora during the first quarter valued at approximately $291,000. Nomura Holdings Inc. boosted its position in shares of Agora by 30.6% during the first quarter. Nomura Holdings Inc. now owns 279,874 shares of the company's stock worth $1,125,000 after buying an additional 65,560 shares during the period. Yiheng Capital Management L.P. acquired a new position in shares of Agora during the first quarter worth approximately $774,000. Finally, Rafferty Asset Management LLC bought a new position in Agora in the 1st quarter worth approximately $376,000. 40.40% of the stock is currently owned by institutional investors.

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.