Anghami Inc. (NASDAQ:ANGH – Get Rating) was the recipient of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 42,500 shares, a drop of 24.0% from the December 15th total of 55,900 shares. Currently, 0.8% of the company's shares are short sold. Based on an average daily volume of 48,900 shares, the short-interest ratio is currently 0.9 days.
Institutional Trading of Anghami
Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Anghami in the 2nd quarter valued at approximately $47,000. Citadel Advisors LLC acquired a new stake in Anghami in the 2nd quarter valued at approximately $135,000. Finally, Jane Street Group LLC acquired a new position in shares of Anghami in the first quarter worth $269,000. Institutional investors and hedge funds own 0.10% of the company's stock.
Get Anghami alerts:Anghami Trading Down 5.4 %
Anghami stock opened at $2.12 on Friday. Anghami has a fifty-two week low of $1.47 and a fifty-two week high of $33.13. The firm has a 50 day moving average price of $2.17 and a 200 day moving average price of $2.64.
About Anghami
(Get Rating)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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