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

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

Anghami Stock Performance

NASDAQ ANGH opened at $0.76 on Friday. Anghami has a one year low of $0.72 and a one year high of $3.49. The company’s 50 day moving average price is $0.84 and its 200 day moving average price is $0.96.

About Anghami

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.