Anghami Inc. (NASDAQ:ANGH – Get Rating) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 43,800 shares, a decrease of 21.8% from the November 15th total of 56,000 shares. Based on an average trading volume of 45,100 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the company's stock are sold short.

Institutional Investors Weigh In On Anghami

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANGH. Virtu Financial LLC bought a new stake in shares of Anghami during the 2nd quarter valued at $47,000. Citadel Advisors LLC purchased a new position in Anghami during the 2nd quarter valued at about $135,000. Finally, Jane Street Group LLC bought a new stake in Anghami during the first quarter worth about $269,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Anghami Price Performance

Shares of NASDAQ:ANGH opened at $1.85 on Friday. The stock has a 50 day moving average price of $2.49 and a 200-day moving average price of $3.36. Anghami has a 52-week low of $1.75 and a 52-week high of $33.13.

About Anghami

Anghami Inc operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.

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