Short Interest in Anghami Inc. (NASDAQ:ANGH) Drops By 15.5%

Anghami Inc. (NASDAQ:ANGH) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 32,504 shares, a decline of 15.5% from the February 26th total of 38,480 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 3,389 shares, the short-interest ratio is currently 9.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Anghami in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Anghami Stock Performance

Shares of NASDAQ:ANGH opened at $3.76 on Wednesday. Anghami has a twelve month low of $2.25 and a twelve month high of $7.05. The firm has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $2.92.

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.