Anghami Inc. (NASDAQ:ANGH) Short Interest Up 34.4% in February

Anghami Inc. (NASDAQ:ANGH) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 38,480 shares, an increase of 34.4% from the February 12th total of 28,635 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 13,843 shares, the short-interest ratio is presently 2.8 days. Based on an average daily volume of 13,843 shares, the short-interest ratio is presently 2.8 days. Currently, 0.9% of the company’s stock are short sold.

Anghami Trading Down 4.2%

Anghami stock opened at $2.89 on Friday. Anghami has a 52 week low of $2.25 and a 52 week high of $7.60. The stock has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $2.92.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anghami in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.