Short Interest in Jumia Technologies AG (NYSE:JMIA) Decreases By 14.1%

Jumia Technologies AG (NYSE:JMIA) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 5,860,000 shares, a drop of 14.1% from the October 15th total of 6,820,000 shares. Based on an average daily volume of 3,100,000 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

A number of research firms recently issued reports on JMIA. Royal Bank of Canada began coverage on shares of Jumia Technologies in a research note on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 target price on the stock. Benchmark lowered their price target on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.

Hedge Funds Weigh In On Jumia Technologies

Several large investors have recently bought and sold shares of JMIA. Crumly & Associates Inc. bought a new position in shares of Jumia Technologies during the 3rd quarter worth about $55,000. The Manufacturers Life Insurance Company acquired a new stake in Jumia Technologies during the second quarter worth about $74,000. Boston Standard Wealth Management LLC bought a new position in Jumia Technologies during the second quarter valued at about $75,000. Wrapmanager Inc. acquired a new position in Jumia Technologies in the 3rd quarter valued at approximately $58,000. Finally, RFG Advisory LLC lifted its position in shares of Jumia Technologies by 13.6% in the 2nd quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock worth $88,000 after acquiring an additional 1,500 shares during the period. 16.50% of the stock is currently owned by institutional investors and hedge funds.

Jumia Technologies Trading Up 0.4 %

Shares of JMIA stock traded up $0.01 during trading hours on Monday, reaching $3.74. 1,351,270 shares of the company’s stock were exchanged, compared to its average volume of 3,918,068. The business has a fifty day moving average price of $4.78 and a 200-day moving average price of $6.66. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies has a fifty-two week low of $2.78 and a fifty-two week high of $15.04.

Jumia Technologies Company Profile

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.