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

Anghami Inc. (NASDAQ:ANGH) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 39,600 shares, an increase of 25.7% from the February 29th total of 31,500 shares. Based on an average daily trading volume, of 283,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Anghami Trading Up 8.2 %

Shares of NASDAQ ANGH opened at $1.97 on Monday. The stock has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.13. Anghami has a 12-month low of $0.63 and a 12-month high of $3.49.

Hedge Funds Weigh In On Anghami

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in Anghami during the 1st quarter valued at $269,000. Citadel Advisors LLC bought a new position in Anghami during the 2nd quarter valued at $135,000. Finally, Virtu Financial LLC bought a new position in Anghami during the 2nd quarter valued at $47,000.

Anghami Company Profile

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.