Anghami Inc. (NASDAQ:ANGH) Sees Significant Decrease in Short Interest

Anghami Inc. (NASDAQ:ANGH) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 41,000 shares, a decrease of 22.2% from the February 13th total of 52,700 shares. Based on an average daily volume of 98,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Anghami

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC lifted its holdings in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,499 shares of the company’s stock after purchasing an additional 15,145 shares during the quarter. Geode Capital Management LLC owned about 0.12% of Anghami worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Anghami Trading Down 0.6 %

NASDAQ ANGH opened at $0.67 on Tuesday. Anghami has a twelve month low of $0.62 and a twelve month high of $2.27. The stock has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.76.

Anghami Company Profile

Anghami Inc operates a digital music entertainment technology platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, and live events; and a music application and platform that provides Arabic and international music to stream and download.