Short Interest in Anghami Inc. (NASDAQ:ANGH) Decreases By 67.0%

Anghami Inc. (NASDAQ:ANGH) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 2,775 shares, a drop of 67.0% from the July 30th total of 8,420 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 43,377 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Anghami Price Performance

Shares of ANGH remained flat at $3.54 during mid-day trading on Friday. 96,534 shares of the stock traded hands, compared to its average volume of 32,258. The business has a 50-day moving average price of $3.62 and a 200-day moving average price of $3.49. Anghami has a 1 year low of $2.25 and a 1 year high of $7.89.

About Anghami

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.