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

Anghami Inc. (NASDAQ:ANGH) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 11,800 shares, a decrease of 27.2% from the November 15th total of 16,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 55,700 shares, the short-interest ratio is currently 0.2 days.

Anghami Price Performance

NASDAQ:ANGH traded down $0.06 on Friday, reaching $0.82. 54,795 shares of the company’s stock were exchanged, compared to its average volume of 218,164. The stock has a fifty day simple moving average of $0.77 and a 200-day simple moving average of $0.88. Anghami has a 52 week low of $0.64 and a 52 week high of $2.27.

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.