Short Interest in Anghami Inc. (NASDAQ:ANGH) Declines By 41.1%

Anghami Inc. (NASDAQ:ANGH) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,635 shares, a drop of 41.1% from the August 15th total of 2,775 shares. Based on an average daily volume of 30,836 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Anghami presently has an average rating of “Sell”.

Anghami Stock Performance

NASDAQ:ANGH opened at $3.87 on Thursday. The stock’s fifty day moving average is $3.44 and its 200 day moving average is $3.58. Anghami has a fifty-two week low of $2.25 and a fifty-two week high of $7.89.

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.