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

Anghami Inc. (NASDAQ:ANGH) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 32,504 shares, a decline of 15.5% from the February 26th total of 38,480 shares. Based on an average trading volume of 3,389 shares, the short-interest ratio is presently 9.6 days. Approximately 0.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Anghami in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Anghami currently has an average rating of “Sell”.

Anghami Stock Down 11.2%

Anghami stock opened at $3.34 on Thursday. The stock has a 50-day simple moving average of $2.82 and a 200 day simple moving average of $2.92. Anghami has a 12-month low of $2.25 and a 12-month high of $7.05.

About Anghami

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.