Anghami Inc. (NASDAQ:ANGH) Short Interest Update

Anghami Inc. (NASDAQ:ANGH) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 41,000 shares, a decline of 22.2% from the February 13th total of 52,700 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 98,000 shares, the days-to-cover ratio is currently 0.4 days.

Anghami Trading Down 3.4 %

Shares of NASDAQ:ANGH opened at $0.68 on Monday. Anghami has a 1 year low of $0.62 and a 1 year high of $2.27. The firm has a fifty day moving average price of $0.70 and a 200 day moving average price of $0.77.

Institutional Trading of Anghami

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC increased its position in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,499 shares of the company’s stock after buying an additional 15,145 shares during the period. Geode Capital Management LLC owned 0.12% of Anghami worth $29,000 at the end of the most recent reporting period.

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.