Short Interest in Anghami Inc. (NASDAQ:ANGH) Declines By 40.5%

Posted by George Bondi on Jul 16th, 2026

Anghami Inc. (NASDAQ:ANGH – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 19,338 shares, a drop of 40.5% from the June 15th total of 32,526 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 36,658 shares, the days-to-cover ratio is presently 0.5 days.

Anghami Trading Up 0.3%

Shares of ANGH stock opened at $3.31 on Thursday. The company has a fifty day moving average price of $3.88 and a two-hundred day moving average price of $3.43. Anghami has a one year low of $2.25 and a one year high of $7.89.

Anghami (NASDAQ:ANGH – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported ($3.83) earnings per share for the quarter. The firm had revenue of $25.43 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Anghami has an average rating of “Sell”.

Read Our Latest Analysis on Anghami

Anghami Company Profile

(Get Free Report)

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.