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

Anghami Inc. (NASDAQ:ANGH) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 50,000 shares, an increase of 5.5% from the September 30th total of 47,400 shares. Based on an average daily volume of 13,000 shares, the short-interest ratio is currently 3.8 days. Approximately 0.5% of the company’s shares are sold short.

Anghami Price Performance

Shares of NASDAQ:ANGH opened at $0.76 on Friday. Anghami has a 52 week low of $0.72 and a 52 week high of $3.49. The business has a fifty day simple moving average of $0.84 and a 200-day simple moving average of $0.96.

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.