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

Posted by Tyrone Williams on Aug 16th, 2026

Anghami Inc. (NASDAQ:ANGH – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,420 shares, a decline of 49.3% from the July 15th total of 16,612 shares. Based on an average trading volume of 32,075 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Anghami Price Performance

Shares of Anghami stock traded down $0.09 during midday trading on Friday, hitting $3.49. 26,773 shares of the company were exchanged, compared to its average volume of 38,501. The firm has a 50 day simple moving average of $3.91 and a 200-day simple moving average of $3.43. Anghami has a 52 week low of $2.25 and a 52 week high of $7.89.

Anghami (NASDAQ:ANGH – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($3.83) earnings per share for the quarter. The business had revenue of $25.43 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Research Report on ANGH

About Anghami

(Get Free Report)

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.