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

Anghami Inc. (NASDAQ:ANGH) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 126,700 shares, an increase of 973.7% from the November 30th total of 11,800 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 86,000 shares, the days-to-cover ratio is currently 1.5 days.

Anghami Stock Down 1.0 %

Shares of NASDAQ ANGH opened at $0.79 on Friday. The firm’s 50-day moving average price is $0.77 and its 200-day moving average price is $0.86. 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.