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

Anghami Inc. (NASDAQ:ANGH) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 304,600 shares, a drop of 23.5% from the March 31st total of 398,400 shares. Based on an average trading volume of 463,400 shares, the short-interest ratio is presently 0.7 days. Currently, 3.3% of the company’s stock are sold short.

Anghami Price Performance

Shares of ANGH opened at $1.13 on Monday. The firm has a 50 day moving average of $1.23 and a 200 day moving average of $1.20. Anghami has a twelve month low of $0.63 and a twelve month high of $3.49.

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.