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

Anghami Inc. (NASDAQ:ANGH) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 8,420 shares, a decrease of 49.3% from the July 15th total of 16,612 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 32,075 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Anghami Stock Performance

Shares of Anghami stock opened at $3.57 on Tuesday. Anghami has a 1 year low of $2.25 and a 1 year high of $7.89. The business has a 50 day moving average price of $3.91 and a 200 day moving average price of $3.44.

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.