Anghami Inc. (NASDAQ:ANGHW) Short Interest Update

Anghami Inc. (NASDAQ:ANGHW) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 5,800 shares, a decline of 15.9% from the March 15th total of 6,900 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 1.5 days.

Anghami Price Performance

Shares of Anghami stock traded down $0.01 on Monday, reaching $0.08. The company had a trading volume of 6,865 shares, compared to its average volume of 8,081. The firm’s 50 day moving average price is $0.06 and its two-hundred day moving average price is $0.05. Anghami has a 52-week low of $0.01 and a 52-week high of $0.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Anghami stock. Radcliffe Capital Management L.P. acquired a new stake in Anghami Inc. (NASDAQ:ANGHW) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 60,000 shares of the company’s stock, valued at approximately $526,000.

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.