Short Interest in Anghami Inc. (NASDAQ:ANGH) Increases By 75.6%

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 61,300 shares, an increase of 75.6% from the March 15th total of 34,900 shares. Based on an average trading volume of 28,400 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of Anghami

A hedge fund recently raised its stake in Anghami stock. Geode Capital Management LLC lifted its holdings in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,499 shares of the company’s stock after acquiring an additional 15,145 shares during the quarter. Geode Capital Management LLC owned approximately 0.12% of Anghami worth $29,000 as of its most recent SEC filing.

Anghami Trading Up 4.8 %

NASDAQ ANGH opened at $0.59 on Thursday. Anghami has a 12-month low of $0.55 and a 12-month high of $1.28. The firm’s 50 day moving average is $0.66 and its 200-day moving average is $0.73.

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.