Anghami Inc. (NASDAQ:ANGH) Short Interest Update

Anghami Inc. (NASDAQ:ANGH) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 1,550 shares, a decrease of 54.3% from the November 30th total of 3,391 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,525 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 13,525 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Anghami in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Anghami presently has a consensus rating of “Sell”.

Anghami Stock Performance

NASDAQ ANGH opened at $2.56 on Friday. Anghami has a 52 week low of $2.25 and a 52 week high of $8.40. The company has a 50-day moving average price of $2.77 and a two-hundred day moving average price of $3.51.

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.