Short Interest in Anghami Inc. (NASDAQ:ANGH) Declines By 22.2%

Anghami Inc. (NASDAQ:ANGH) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 41,000 shares, a decrease of 22.2% from the February 13th total of 52,700 shares. Based on an average daily volume of 98,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Anghami Price Performance

Shares of Anghami stock opened at $0.68 on Monday. The firm has a fifty day moving average price of $0.70 and a two-hundred day moving average price of $0.77. Anghami has a fifty-two week low of $0.62 and a fifty-two week high of $2.27.

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 fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,499 shares of the company’s stock after purchasing an additional 15,145 shares during the period. Geode Capital Management LLC owned about 0.12% of Anghami worth $29,000 at the end of the most recent reporting period.

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.