Jumia Technologies Sees Unusually High Options Volume (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the target of unusually large options trading on Tuesday. Traders bought 18,231 call options on the stock. This represents an increase of approximately 90% compared to the typical daily volume of 9,578 call options.

Jumia Technologies Stock Up 18.1 %

Jumia Technologies stock opened at $6.46 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.36 and a current ratio of 1.44. The company has a 50-day moving average price of $5.43 and a 200 day moving average price of $4.04. Jumia Technologies has a 12-month low of $2.22 and a 12-month high of $8.10.

Institutional Trading of Jumia Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Jumia Technologies by 430.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after buying an additional 6,239 shares during the period. Deuterium Capital Management LLC acquired a new stake in Jumia Technologies during the third quarter worth approximately $33,000. Global Retirement Partners LLC lifted its position in shares of Jumia Technologies by 138.6% during the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after buying an additional 4,000 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Jumia Technologies in the 4th quarter valued at $47,000. Finally, RFG Advisory LLC purchased a new position in shares of Jumia Technologies in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

About Jumia Technologies

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets under the JumiaPay name.