Short Interest in Anghami Inc. (NASDAQ:ANGH) Decreases By 21.6%

Anghami Inc. (NASDAQ:ANGHGet Rating) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 30,400 shares, a drop of 21.6% from the August 15th total of 38,800 shares. Based on an average trading volume of 156,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are sold short.

Anghami Price Performance

Shares of NASDAQ ANGH opened at $2.69 on Friday. The firm has a fifty day moving average price of $3.08 and a 200-day moving average price of $6.53. Anghami has a 1 year low of $2.48 and a 1 year high of $33.13.

Institutional Trading of Anghami

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Anghami in the second quarter worth $135,000. Virtu Financial LLC purchased a new stake in shares of Anghami in the second quarter worth $47,000. Finally, Jane Street Group LLC purchased a new stake in shares of Anghami in the first quarter worth $269,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

About Anghami

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Anghami Inc operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.

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