Anghami Inc. (NASDAQ:ANGH) Short Interest Down 40.5% in June

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 19,338 shares, a decline of 40.5% from the June 15th total of 32,526 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 36,658 shares, the days-to-cover ratio is presently 0.5 days.

Anghami Price Performance

ANGH traded down $0.17 during trading on Friday, reaching $3.23. 4,560 shares of the company’s stock were exchanged, compared to its average volume of 42,341. The company’s fifty day moving average price is $3.87 and its 200-day moving average price is $3.43. Anghami has a fifty-two week low of $2.25 and a fifty-two week high of $7.89.

Anghami (NASDAQ:ANGH) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($3.83) earnings per share for the quarter. The firm had revenue of $25.43 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Anghami has a consensus rating of “Sell”.

About Anghami

Anghami is a leading digital entertainment company that operates a music streaming platform tailored to audiences in the Middle East and North Africa (MENA) region. Headquartered in Beirut, Lebanon, the company provides both an ad-supported free tier and a premium subscription service that unlocks features such as offline listening, high-quality audio, and ad-free playback. Through partnerships with major international and regional record labels, Anghami offers a catalog that blends Arabic content with global hits, positioning itself as a cultural bridge for music fans across diverse markets.

The company was founded in 2012 by Eddy Maroun and Elie Habib, who recognized a gap in the digital music landscape of the Arab world.