Jumia Technologies AG (NYSE:JMIA) Short Interest Update

Jumia Technologies AG (NYSE:JMIA - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 6,890,000 shares, an increase of 18.6% from the March 15th total of 5,810,000 shares. Based on an average daily volume of 3,110,000 shares, the short-interest ratio is currently 2.2 days.

Jumia Technologies Stock Down 8.4 %

Shares of NYSE JMIA traded down $0.41 during trading hours on Friday, hitting $4.45. 2,211,542 shares of the company's stock were exchanged, compared to its average volume of 2,693,941. Jumia Technologies has a 1-year low of $2.22 and a 1-year high of $8.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.36. The company's 50-day moving average price is $5.21 and its 200-day moving average price is $3.81.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Jumia Technologies from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $3.00 to $3.60 in a research report on Wednesday, January 3rd.

Hedge Funds Weigh In On Jumia Technologies

Several large investors have recently made changes to their positions in JMIA. Advisor Group Holdings Inc. grew its stake in shares of Jumia Technologies by 3.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 41,248 shares of the company's stock valued at $150,000 after purchasing an additional 1,431 shares during the period. GAMMA Investing LLC lifted its stake in shares of Jumia Technologies by 15.3% in the 1st quarter. GAMMA Investing LLC now owns 15,191 shares of the company's stock valued at $78,000 after purchasing an additional 2,011 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Jumia Technologies by 15.8% in the 1st quarter. International Assets Investment Management LLC now owns 18,650 shares of the company's stock valued at $95,000 after purchasing an additional 2,550 shares during the period. Creative Planning increased its position in shares of Jumia Technologies by 21.9% in the 4th quarter. Creative Planning now owns 16,780 shares of the company's stock valued at $54,000 after buying an additional 3,012 shares in the last quarter. Finally, Wealth Effects LLC increased its position in shares of Jumia Technologies by 5.8% in the 3rd quarter. Wealth Effects LLC now owns 73,650 shares of the company's stock valued at $194,000 after buying an additional 4,035 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.

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 consumers; logistics service that 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.