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

Agora, Inc. (NASDAQ:APIGet Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,970,000 shares, a decline of 5.7% from the February 29th total of 2,090,000 shares. Based on an average trading volume of 264,600 shares, the short-interest ratio is currently 7.4 days. Approximately 2.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. acquired a new position in Agora during the fourth quarter worth approximately $37,000. Tudor Investment Corp Et Al acquired a new stake in shares of Agora in the second quarter worth $38,000. Alliancebernstein L.P. purchased a new position in shares of Agora in the 3rd quarter valued at $60,000. Virtu Financial LLC lifted its holdings in shares of Agora by 41.8% during the 4th quarter. Virtu Financial LLC now owns 26,088 shares of the company’s stock valued at $69,000 after acquiring an additional 7,694 shares in the last quarter. Finally, UBS Group AG increased its holdings in Agora by 147.6% in the 2nd quarter. UBS Group AG now owns 11,713 shares of the company’s stock valued at $77,000 after purchasing an additional 6,982 shares in the last quarter. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Agora Price Performance

Shares of NASDAQ:API opened at $2.51 on Monday. The company has a market cap of $269.80 million, a P/E ratio of -2.89 and a beta of 0.04. The company has a 50-day moving average price of $2.72 and a 200 day moving average price of $2.73. Agora has a 52 week low of $2.37 and a 52 week high of $4.22. The company has a quick ratio of 4.00, a current ratio of 4.60 and a debt-to-equity ratio of 0.02.

Agora (NASDAQ:APIGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. Agora had a negative net margin of 61.62% and a negative return on equity of 13.65%. The firm had revenue of $36.04 million during the quarter, compared to analysts’ expectations of $35.97 million. Research analysts predict that Agora will post -0.23 earnings per share for the current year.

Agora Company Profile

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Agora, Inc provides real-time engagement platform-as-a-service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company's RTE-PaaS offers developers with software tools to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence functionalities.

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