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

Anghami Inc. (NASDAQ:ANGHW) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,800 shares, a drop of 15.9% from the March 15th total of 6,900 shares. Based on an average trading volume of 4,000 shares, the short-interest ratio is currently 1.5 days.

Anghami Price Performance

Shares of NASDAQ ANGHW remained flat at $0.08 during midday trading on Tuesday. 6,865 shares of the stock were exchanged, compared to its average volume of 8,081. The business’s 50-day simple moving average is $0.06 and its 200-day simple moving average is $0.05. Anghami has a 1 year low of $0.01 and a 1 year high of $0.11.

Hedge Funds Weigh In On Anghami

A hedge fund recently bought a new stake in Anghami stock. Radcliffe Capital Management L.P. bought a new stake in shares of Anghami Inc. (NASDAQ:ANGHW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 60,000 shares of the company’s stock, valued at approximately $526,000.

About Anghami

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.