Anghami Inc. (NASDAQ:ANGH) Short Interest Down 67.0% in August

Anghami Inc. (NASDAQ:ANGH) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,775 shares, a decrease of 67.0% from the July 30th total of 8,420 shares. Based on an average trading volume of 43,377 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Anghami Trading Down 4.8%

Shares of NASDAQ ANGH traded down $0.17 during trading on Friday, reaching $3.37. The stock had a trading volume of 66,903 shares, compared to its average volume of 35,869. Anghami has a fifty-two week low of $2.25 and a fifty-two week high of $7.89. The business’s 50-day moving average price is $3.57 and its 200-day moving average price is $3.49.

About Anghami

Anghami is a leading digital entertainment company that operates a music streaming platform tailored to audiences in the Middle East and North Africa (MENA) region. Headquartered in Beirut, Lebanon, the company provides both an ad-supported free tier and a premium subscription service that unlocks features such as offline listening, high-quality audio, and ad-free playback. Through partnerships with major international and regional record labels, Anghami offers a catalog that blends Arabic content with global hits, positioning itself as a cultural bridge for music fans across diverse markets.

The company was founded in 2012 by Eddy Maroun and Elie Habib, who recognized a gap in the digital music landscape of the Arab world.