Short Interest in Anghami Inc. (NASDAQ:ANGH) Drops By 39.2%

Anghami Inc. (NASDAQ:ANGH) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 17,200 shares, a decrease of 39.2% from the April 30th total of 28,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC boosted its position in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,499 shares of the company’s stock after purchasing an additional 15,145 shares during the quarter. Geode Capital Management LLC owned about 0.12% of Anghami worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Anghami Trading Up 5.4%

Shares of NASDAQ ANGH opened at $0.59 on Monday. The business’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.68. Anghami has a fifty-two week low of $0.42 and a fifty-two week high of $1.14.

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.