Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 751,100 shares, a decline 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 days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the company's shares are short sold.
Agora Trading Down 0.8%
Shares of NASDAQ API traded down $0.03 during mid-day trading on Friday, hitting $3.69. The stock had a trading volume of 432,462 shares, compared to its average volume of 432,196. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.51 and a current ratio of 3.51. Agora has a 1 year low of $1.65 and a 1 year high of $6.99. The business has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $4.39. The firm has a market cap of $344.39 million, a P/E ratio of -10.25, a price-to-earnings-growth ratio of 2.33 and a beta of 0.56.
Institutional Trading of Agora
Several large investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in shares of Agora in the first quarter worth about $2,818,000. Cubist Systematic Strategies LLC bought a new stake in shares of Agora in the first quarter worth about $291,000. Nomura Holdings Inc. grew its stake in shares of Agora by 30.6% in the first quarter. Nomura Holdings Inc. now owns 279,874 shares of the company's stock worth $1,125,000 after purchasing an additional 65,560 shares during the last quarter. Yiheng Capital Management L.P. bought a new stake in shares of Agora in the first quarter worth about $774,000. Finally, Rafferty Asset Management LLC bought a new stake in Agora during the 1st quarter valued at approximately $376,000. 40.40% of the stock is owned by institutional investors.
About Agora
(
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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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