Anghami Inc. (NASDAQ:ANGH) Short Interest Up 64.7% in February

Anghami Inc. (NASDAQ:ANGH) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 28,635 shares, an increase of 64.7% from the January 29th total of 17,390 shares. Based on an average daily volume of 8,415 shares, the short-interest ratio is currently 3.4 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 8,415 shares, the short-interest ratio is currently 3.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Anghami in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Anghami currently has an average rating of “Sell”.

Anghami Price Performance

Shares of NASDAQ ANGH opened at $3.00 on Friday. Anghami has a 1 year low of $2.25 and a 1 year high of $7.60. The firm has a fifty day moving average price of $2.94 and a 200-day moving average price of $2.95.

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.