Anghami Inc. (NASDAQ:ANGH) Short Interest Update

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

Analysts Set New Price Targets

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

Anghami Stock Performance

ANGH stock traded down $0.16 during trading on Friday, hitting $3.15. The company had a trading volume of 2,206 shares, compared to its average volume of 45,362. The business has a 50 day moving average of $3.87 and a 200 day moving average of $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 announced its earnings results on Thursday, April 30th. The company reported ($3.83) earnings per share (EPS) for the quarter. The company had revenue of $25.43 million for the quarter.

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.