Anghami Inc. (NASDAQ:ANGH) Sees Significant Drop in Short Interest

Anghami Inc. (NASDAQ:ANGH) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 14,100 shares, a decrease of 31.9% from the September 30th total of 20,700 shares. Based on an average daily volume of 96,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 96,700 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Anghami in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Anghami Trading Down 1.4%

NASDAQ:ANGH traded down $0.04 on Monday, hitting $2.80. 2,071 shares of the company’s stock were exchanged, compared to its average volume of 33,138. The firm has a 50-day moving average price of $3.04 and a 200-day moving average price of $4.30. Anghami has a 52 week low of $2.53 and a 52 week high of $9.40.

About Anghami

Anghami Inc operates a digital music entertainment technology platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, and live events; and a music application and platform that provides Arabic and international music to stream and download.