Anghami Inc. (NASDAQ:ANGH) Short Interest Down 22.5% in May

Anghami Inc. (NASDAQ:ANGH) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 90,400 shares, a drop of 22.5% from the May 15th total of 116,600 shares. Based on an average daily trading volume, of 471,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.9% of the shares of the stock are short sold.

Anghami Stock Performance

Anghami stock opened at $1.03 on Friday. The business has a 50-day simple moving average of $1.12 and a 200 day simple moving average of $1.16. Anghami has a 52 week low of $0.63 and a 52 week high of $3.49.

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.