Anghami Inc. (NASDAQ:ANGH) Short Interest Down 15.5% in March

Anghami Inc. (NASDAQ:ANGH) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 32,504 shares, a decrease of 15.5% from the February 26th total of 38,480 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 3,389 shares, the short-interest ratio is currently 9.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Anghami in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Anghami presently has a consensus rating of “Sell”.

Anghami Price Performance

Anghami stock opened at $3.37 on Tuesday. The business’s fifty day simple moving average is $2.79 and its two-hundred day simple moving average is $2.92. Anghami has a 12 month low of $2.25 and a 12 month high of $7.05.

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.