Short Interest in Anghami Inc. (NASDAQ:ANGH) Decreases By 14.9%

Anghami Inc. (NASDAQ:ANGH) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 34,900 shares, a decline of 14.9% from the February 28th total of 41,000 shares. Based on an average daily trading volume, of 29,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the company’s shares are sold short.

Anghami Stock Up 0.4 %

Shares of ANGH stock opened at $0.67 on Wednesday. The firm’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $0.75. Anghami has a 52-week low of $0.61 and a 52-week high of $2.27.

Institutional Investors Weigh In On Anghami

A hedge fund recently raised its stake in Anghami stock. Geode Capital Management LLC raised its stake in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,499 shares of the company’s stock after buying an additional 15,145 shares during the quarter. Geode Capital Management LLC owned about 0.12% of Anghami worth $29,000 at the end of the most recent reporting period.

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.