Anghami Inc. (NASDAQ:ANGH) Sees Large Decline in Short Interest

Anghami Inc. (NASDAQ:ANGH) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,420 shares, a decline of 49.3% from the July 15th total of 16,612 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 32,075 shares, the short-interest ratio is currently 0.3 days.

Anghami Trading Down 2.5%

ANGH stock traded down $0.09 on Friday, reaching $3.49. 26,773 shares of the company were exchanged, compared to its average volume of 38,501. Anghami has a 12 month low of $2.25 and a 12 month high of $7.89. The stock’s fifty day moving average price is $3.91 and its 200 day moving average price is $3.43.

Anghami (NASDAQ:ANGH) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($3.83) earnings per share for the quarter. The business had revenue of $25.43 million for the quarter.

Wall Street Analysts Forecast Growth

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

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.