Anghami Inc. (NASDAQ:ANGH) Sees Significant Drop in Short Interest

Anghami Inc. (NASDAQ:ANGH) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 44,200 shares, a decrease of 11.6% from the October 15th total of 50,000 shares. Based on an average trading volume of 13,400 shares, the short-interest ratio is currently 3.3 days. Currently, 0.4% of the shares of the stock are short sold.

Anghami Stock Down 2.6 %

ANGH opened at $0.74 on Friday. The firm’s fifty day simple moving average is $0.81 and its two-hundred day simple moving average is $0.93. Anghami has a 52-week low of $0.71 and a 52-week high of $3.49.

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.