Anghami Inc. (NASDAQ:ANGH) Short Interest Down 41.1% in August

Anghami Inc. (NASDAQ:ANGH) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,635 shares, a decrease of 41.1% from the August 15th total of 2,775 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 30,836 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Anghami Price Performance

ANGH opened at $3.67 on Wednesday. The stock has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.58. Anghami has a 1 year low of $2.25 and a 1 year high of $7.89.

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.