Anghami Inc. (NASDAQ:ANGH) Short Interest Update

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 61,300 shares, a growth of 75.6% from the March 15th total of 34,900 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 2.2 days.

Anghami Stock Performance

Shares of NASDAQ:ANGH opened at $0.59 on Thursday. The company’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $0.73. Anghami has a 12-month low of $0.55 and a 12-month high of $1.28.

Hedge Funds Weigh In On Anghami

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

About Anghami

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.