Short Interest in Anghami Inc. (NASDAQ:ANGH) Decreases By 49.3%

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

Anghami Price Performance

Shares of NASDAQ ANGH traded down $0.05 during trading hours on Monday, hitting $3.47. 1,620 shares of the company’s stock were exchanged, compared to its average volume of 44,069. Anghami has a 1-year low of $2.25 and a 1-year high of $7.89. The company’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.