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

Anghami Inc. (NASDAQ:ANGH) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 41,000 shares, a decrease of 22.2% from the February 13th total of 52,700 shares. Based on an average daily trading volume, of 98,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Anghami Stock Performance

Shares of NASDAQ:ANGH opened at $0.67 on Tuesday. The business has a fifty day moving average of $0.70 and a two-hundred day moving average of $0.76. Anghami has a 52-week low of $0.62 and a 52-week high of $2.27.

Institutional Trading of Anghami

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC raised its stake in Anghami Inc. (NASDAQ:ANGH) by 70.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,499 shares of the company’s stock after buying an additional 15,145 shares during the quarter. Geode Capital Management LLC owned approximately 0.12% of Anghami worth $29,000 at the end of the most recent quarter.

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.