Anghami Inc. (NASDAQ:ANGHW) Short Interest Update

Anghami Inc. (NASDAQ:ANGHW) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 5,800 shares, a drop 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.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Anghami stock. Radcliffe Capital Management L.P. acquired a new position in shares of Anghami Inc. (NASDAQ:ANGHW) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $526,000.

Anghami Price Performance

Shares of Anghami stock traded down $0.01 during mid-day trading on Monday, hitting $0.08. 6,865 shares of the stock were exchanged, compared to its average volume of 8,081. Anghami has a twelve month low of $0.01 and a twelve month high of $0.11. The company has a 50-day simple moving average of $0.06 and a 200 day simple moving average of $0.05.

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.