Anghami Inc. (NASDAQ:ANGH) Sees Significant Decrease in Short Interest

Anghami Inc. (NASDAQ:ANGH) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 82,400 shares, a decline of 33.1% from the December 31st total of 123,200 shares. Based on an average daily trading volume, of 96,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the company’s shares are sold short.

Anghami Trading Up 3.0 %

Shares of ANGH stock traded up $0.02 during trading hours on Friday, hitting $0.72. 21,815 shares of the company were exchanged, compared to its average volume of 44,264. The firm has a fifty day moving average of $0.75 and a 200 day moving average of $0.81. Anghami has a 1 year low of $0.62 and a 1 year high of $2.27.

Anghami Company Profile

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.