Short Interest in Agora, Inc. Sponsored ADR (NASDAQ:API) Declines By 23.1%

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

Agora Price Performance

API stock opened at $4.47 on Friday. The stock has a market capitalization of $417.20 million, a PE ratio of 111.78, a price-to-earnings-growth ratio of 0.82 and a beta of 0.55. Agora has a 52 week low of $2.53 and a 52 week high of $6.99. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $3.85 and a 200 day moving average of $3.77.

Agora (NASDAQ:API) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $35.37 million for the quarter. Agora had a net margin of 3.47% and a return on equity of 0.84%. Sell-side analysts forecast that Agora will post -0.4 earnings per share for the current year.

Institutional Trading of Agora

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

Wall Street Analysts Forecast Growth

API has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Agora in a report on Wednesday, October 8th. Wall Street Zen raised Agora from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Agora presently has a consensus rating of “Sell”.

Agora Company Profile

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.