Short Interest in Anghami Inc. (NASDAQ:ANGH) Rises By 14,743.5%

Anghami Inc. (NASDAQ:ANGH) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 230,074 shares, a growth of 14,743.5% from the December 15th total of 1,550 shares. Based on an average daily trading volume, of 3,998,642 shares, the short-interest ratio is presently 0.1 days. Currently, 5.4% of the company’s stock are sold short. Currently, 5.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,998,642 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Anghami Price Performance

ANGH stock opened at $3.46 on Tuesday. The company’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $3.39. Anghami has a 52-week low of $2.25 and a 52-week high of $7.90.

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.