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

Anghami Inc. (NASDAQ:ANGH) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 16,200 shares, a decrease of 63.3% from the October 31st total of 44,200 shares. Based on an average daily volume of 14,000 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s shares are sold short.

Anghami Price Performance

Shares of Anghami stock traded down $0.01 on Friday, reaching $0.73. The company had a trading volume of 2,376 shares, compared to its average volume of 144,480. The firm’s 50-day moving average price is $0.79 and its two-hundred day moving average price is $0.91. Anghami has a 1 year low of $0.70 and a 1 year high of $2.45.

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.