Jumia Technologies AG (NYSE:JMIA) Short Interest Down 15.4% in April

Jumia Technologies AG (NYSE:JMIA - Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 7,030,000 shares, a drop of 15.4% from the March 31st total of 8,310,000 shares. Based on an average daily volume of 3,360,000 shares, the short-interest ratio is currently 2.1 days. Currently, 7.1% of the company's stock are sold short.

Hedge Funds Weigh In On Jumia Technologies

Several hedge funds have recently made changes to their positions in JMIA. RWC Asset Management LLP grew its stake in Jumia Technologies by 235.0% during the fourth quarter. RWC Asset Management LLP now owns 1,473,192 shares of the company's stock valued at $5,628,000 after acquiring an additional 1,033,457 shares in the last quarter. 683 Capital Management LLC purchased a new position in shares of Jumia Technologies during the 4th quarter valued at $3,384,000. JPMorgan Chase & Co. increased its holdings in shares of Jumia Technologies by 120,393.4% in the third quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company's stock worth $3,899,000 after purchasing an additional 729,584 shares during the period. Marshall Wace LLP boosted its stake in Jumia Technologies by 180.5% during the fourth quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock valued at $3,909,000 after buying an additional 658,618 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Jumia Technologies during the 4th quarter valued at about $1,171,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Stock Up 21.7 %

Shares of NYSE:JMIA traded up $0.52 during midday trading on Thursday, reaching $2.92. The company had a trading volume of 7,138,677 shares, compared to its average volume of 3,955,561. The company's 50 day moving average price is $2.26 and its 200 day moving average price is $3.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $15.04.

Jumia Technologies (NYSE:JMIA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($999.00) EPS for the quarter. Jumia Technologies had a negative net margin of 59.16% and a negative return on equity of 174.93%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their target price on Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating on the stock in a research note on Friday, February 21st.

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.