Anghami Inc. (NASDAQ:ANGH) Sees Large Decline in Short Interest

Anghami Inc. (NASDAQ:ANGH) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 40,238 shares, a decrease of 82.5% from the December 31st total of 230,074 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 389,380 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 389,380 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.9% of the company’s shares are short sold.

Anghami Price Performance

NASDAQ:ANGH opened at $2.76 on Thursday. Anghami has a 1 year low of $2.25 and a 1 year high of $7.70. The stock has a 50-day moving average price of $3.02 and a two-hundred day moving average price of $3.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Anghami in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Anghami Company Profile

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.