Anghami Inc. (NASDAQ:ANGHW) Sees Significant Decline in Short Interest

Anghami Inc. (NASDAQ:ANGHW) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,800 shares, a drop of 15.9% from the March 15th total of 6,900 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Anghami

An institutional investor recently bought a new position in Anghami stock. Radcliffe Capital Management L.P. acquired a new position in shares of Anghami Inc. (NASDAQ:ANGHW) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 60,000 shares of the company’s stock, valued at approximately $526,000.

Anghami Stock Performance

Shares of ANGHW remained flat at $0.08 during trading hours on Tuesday. The stock had a trading volume of 6,865 shares, compared to its average volume of 8,081. Anghami has a 52 week low of $0.01 and a 52 week high of $0.11. The stock has a fifty day simple moving average of $0.06 and a two-hundred day simple moving average of $0.05.

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.