Short Interest in Anghami Inc. (NASDAQ:ANGH) Declines By 54.3%

Anghami Inc. (NASDAQ:ANGH) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,550 shares, a decline of 54.3% from the November 30th total of 3,391 shares. Based on an average trading volume of 13,525 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 13,525 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Anghami in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Anghami Price Performance

Shares of NASDAQ:ANGH opened at $2.51 on Friday. Anghami has a 1-year low of $2.25 and a 1-year high of $8.40. The business’s 50 day moving average is $2.77 and its 200-day moving average is $3.48.

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.