Anghami Inc. (NASDAQ:ANGH) Short Interest Down 14.9% in March

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

Institutional Investors Weigh In On Anghami

A hedge fund recently raised its stake in Anghami stock. Geode Capital Management LLC lifted its position in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,499 shares of the company’s stock after buying an additional 15,145 shares during the period. Geode Capital Management LLC owned 0.12% of Anghami worth $29,000 as of its most recent SEC filing.

Anghami Stock Performance

Shares of NASDAQ:ANGH opened at $0.67 on Thursday. The stock’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $0.75. Anghami has a 52-week low of $0.61 and a 52-week high of $1.71.

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.