Agora, Inc. Sponsored ADR (NASDAQ:API) Sees Large Decrease in Short Interest

Agora, Inc. Sponsored ADR (NASDAQ:API) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 463,485 shares, a decrease of 23.1% from the December 15th total of 602,971 shares. Based on an average daily volume of 320,243 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 320,243 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Agora

An institutional investor recently raised its position in Agora stock. Marshall Wace LLP grew its position in Agora, Inc. Sponsored ADR (NASDAQ:API) by 213.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,210 shares of the company’s stock after buying an additional 313,175 shares during the period. Marshall Wace LLP owned 0.49% of Agora worth $1,753,000 as of its most recent SEC filing. 40.40% of the stock is owned by institutional investors.

Agora Price Performance

API stock opened at $4.47 on Monday. Agora has a 1 year low of $2.53 and a 1 year high of $6.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.34 and a quick ratio of 4.34. The firm has a market capitalization of $417.19 million, a PE ratio of 111.78, a price-to-earnings-growth ratio of 0.82 and a beta of 0.55. The business has a 50 day simple moving average of $3.85 and a 200-day simple moving average of $3.77.

Agora (NASDAQ:API) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.03 EPS for the quarter. The firm had revenue of $35.37 million for the quarter. Agora had a return on equity of 0.84% and a net margin of 3.47%. Equities research analysts anticipate that Agora will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on API shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Agora in a research note on Wednesday, October 8th. Wall Street Zen upgraded Agora from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Agora currently has an average rating of “Sell”.

About Agora

Agora, Inc operates a Real-Time Engagement (RTE) platform that enables developers to embed voice, video and interactive broadcasting capabilities into mobile and web applications. By providing a suite of software development kits (SDKs) and application programming interfaces (APIs), the company delivers low-latency audio and video streaming, real-time messaging and live interactive streaming services. Its platform is designed to support high-quality interactions across various network environments, making it suitable for use cases in social media, online gaming, distance learning, telehealth and enterprise communication.

The company’s core offerings include voice and video calling SDKs, interactive broadcast SDKs for one-to-many streaming, real-time messaging services and data stream APIs for synchronized data exchange.