Anghami Inc. (NASDAQ:ANGH) Short Interest Down 33.1% in January

Anghami Inc. (NASDAQ:ANGH) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 82,400 shares, a decline of 33.1% from the December 31st total of 123,200 shares. Based on an average daily volume of 96,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s stock are sold short.

Anghami Price Performance

ANGH traded up $0.06 on Friday, reaching $0.76. The company had a trading volume of 16,580 shares, compared to its average volume of 45,951. Anghami has a 1 year low of $0.62 and a 1 year high of $2.27. The stock has a 50-day moving average price of $0.76 and a 200-day moving average price of $0.82.

Anghami Company Profile

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.