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

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 38,480 shares, an increase of 34.4% from the February 12th total of 28,635 shares. Based on an average trading volume of 13,843 shares, the short-interest ratio is currently 2.8 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 13,843 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anghami in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Anghami Price Performance

ANGH opened at $2.89 on Monday. Anghami has a 12-month low of $2.25 and a 12-month high of $7.60. The firm has a 50 day moving average of $2.93 and a two-hundred day moving average of $2.92.

About Anghami

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.