Anghami Inc. (NASDAQ:ANGH) Short Interest Down 54.3% in December

Anghami Inc. (NASDAQ:ANGH) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,550 shares, a decrease of 54.3% from the November 30th total of 3,391 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,525 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 13,525 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Anghami Stock Performance

NASDAQ ANGH opened at $2.51 on Friday. The stock has a fifty day simple moving average of $2.77 and a 200 day simple moving average of $3.49. Anghami has a twelve month low of $2.25 and a twelve month high of $8.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anghami in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Anghami Company Profile

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.