Anghami Inc. (NASDAQ:ANGH) Stock Short Interest Report for October

Anghami Inc. (NASDAQ:ANGH) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,215 shares, an increase of 142.6% from the October 15th total of 913 shares. Based on an average trading volume of 22,718 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Anghami in a report on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Anghami Stock Performance

ANGH stock traded up $0.12 during trading hours on Friday, reaching $3.52. The stock had a trading volume of 375 shares, compared to its average volume of 37,282. The stock has a 50-day simple moving average of $3.54 and a 200 day simple moving average of $3.46. Anghami has a fifty-two week low of $2.25 and a fifty-two week high of $7.89.

About Anghami

Anghami Inc. is a music and audio streaming company serving listeners in the Middle East and North Africa. Its platform provides access to a large catalog of Arabic and international music, along with podcasts and other audio content, through mobile applications and web-based services. The company offers both advertising-supported access and paid subscription plans, which may include features such as ad-free listening, offline playback and higher-quality audio. Anghami also works with music labels, artists and other content owners to distribute licensed content and support music discovery across its platform.