Short Interest in Jumia Technologies AG (NYSE:JMIA) Declines By 15.4%

Jumia Technologies AG (NYSE:JMIA - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 7,030,000 shares, a decrease of 15.4% from the March 31st total of 8,310,000 shares. Based on an average trading volume of 3,360,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 7.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Jumia Technologies

Large investors have recently bought and sold shares of the business. Signaturefd LLC increased its stake in Jumia Technologies by 98.9% in the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company's stock worth $26,000 after buying an additional 3,385 shares during the period. Blue Trust Inc. increased its position in shares of Jumia Technologies by 148.4% during the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock worth $27,000 after acquiring an additional 4,225 shares during the period. Scotia Capital Inc. bought a new position in Jumia Technologies in the fourth quarter worth approximately $38,000. CenterStar Asset Management LLC purchased a new stake in shares of Jumia Technologies in the 4th quarter worth $42,000. Finally, Ballentine Partners LLC purchased a new position in shares of Jumia Technologies during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 16.50% of the company's stock.

Jumia Technologies Stock Up 1.4 %

NYSE JMIA traded up $0.04 during trading hours on Tuesday, hitting $2.52. 1,980,017 shares of the company were exchanged, compared to its average volume of 3,988,860. Jumia Technologies has a 52 week low of $1.60 and a 52 week high of $15.04. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $2.25 and a 200 day moving average price of $3.42.

Jumia Technologies (NYSE:JMIA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share (EPS) for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%. The firm had revenue of $45.69 million during the quarter.

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.