Short Interest in Anghami Inc. (NASDAQ:ANGH) Declines By 40.5%

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 19,338 shares, a decrease of 40.5% from the June 15th total of 32,526 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 36,658 shares, the short-interest ratio is currently 0.5 days.

Anghami Stock Up 0.3%

Shares of ANGH opened at $3.31 on Thursday. Anghami has a twelve month low of $2.25 and a twelve month high of $7.89. The company has a 50 day moving average of $3.88 and a 200-day moving average of $3.43.

Anghami (NASDAQ:ANGH) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($3.83) EPS for the quarter. The firm had revenue of $25.43 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.