Anghami Inc. (NASDAQ:ANGH) Short Interest Update

Anghami Inc. (NASDAQ:ANGH) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 25,400 shares, agrowthof156.6% from the June 30th total of 9,900 shares. Approximately0.2% of the shares of the company are sold short. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Anghami

A hedge fund recently raised its stake in Anghami stock. Geode Capital Management LLC boosted its stake in Anghami Inc. (NASDAQ:ANGH) by 70.9% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 0.12% of Anghami worth $29,000 as of its most recent filing with the SEC.

Anghami Stock Performance

Shares of NASDAQ ANGH opened at $3.68 on Tuesday. Anghami has a 12 month low of $2.53 and a 12 month high of $9.73. The firm’s 50 day simple moving average is $5.01 and its 200-day simple moving average is $5.94. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.21.

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.