Anghami Inc. (NASDAQ:ANGH – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,775 shares, a decline of 67.0% from the July 30th total of 8,420 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 43,377 shares, the short-interest ratio is presently 0.1 days.
Anghami Price Performance
NASDAQ ANGH opened at $3.37 on Friday. Anghami has a 12-month low of $2.25 and a 12-month high of $7.89. The firm has a 50-day moving average price of $3.57 and a two-hundred day moving average price of $3.49.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Anghami presently has an average 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.
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