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

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 11,800 shares, a decrease of 27.2% from the November 15th total of 16,200 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 55,700 shares, the short-interest ratio is currently 0.2 days.

Anghami Stock Performance

NASDAQ ANGH opened at $0.82 on Friday. Anghami has a 1-year low of $0.64 and a 1-year high of $2.27. The stock’s 50 day simple moving average is $0.77 and its 200-day simple moving average is $0.88.

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.