Short Interest in Anghami Inc. (NASDAQ:ANGH) Declines By 14.9%

Anghami Inc. (NASDAQ:ANGH) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 34,900 shares, a decline of 14.9% from the February 28th total of 41,000 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Anghami stock. Geode Capital Management LLC grew its position in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,499 shares of the company’s stock after acquiring an additional 15,145 shares during the quarter. Geode Capital Management LLC owned 0.12% of Anghami worth $29,000 at the end of the most recent reporting period.

Anghami Trading Up 0.4 %

ANGH stock opened at $0.67 on Wednesday. The stock has a 50-day moving average price of $0.69 and a two-hundred day moving average price of $0.75. Anghami has a 1 year low of $0.61 and a 1 year high of $2.27.

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.