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

Anghami Inc. (NASDAQ:ANGH) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 17,390 shares, a decrease of 56.8% from the January 15th total of 40,238 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 30,342 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 30,342 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anghami in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Anghami presently has a consensus rating of “Sell”.

Anghami Stock Down 2.5%

Anghami stock opened at $2.38 on Thursday. The stock has a 50 day moving average of $2.95 and a two-hundred day moving average of $3.07. Anghami has a twelve month low of $2.25 and a twelve month high of $7.60.

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.