Anghami Inc. (NASDAQ:ANGH) Short Interest Down 56.8% in January

Anghami Inc. (NASDAQ:ANGH) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 17,390 shares, a drop of 56.8% from the January 15th total of 40,238 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 30,342 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 30,342 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Anghami Price Performance

NASDAQ:ANGH opened at $2.27 on Friday. The business’s 50-day moving average is $2.92 and its two-hundred day moving average is $3.05. Anghami has a 12 month low of $2.25 and a 12 month high of $7.60.

Analyst Ratings Changes

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