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

Anghami Inc. (NASDAQ:ANGH) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 50,000 shares, an increase of 5.5% from the September 30th total of 47,400 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is currently 3.8 days.

Anghami Stock Performance

ANGH opened at $0.76 on Friday. The business’s 50-day simple moving average is $0.84 and its 200-day simple moving average is $0.96. Anghami has a one year low of $0.72 and a one year high of $3.49.

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.