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

Key Points

• Jumia Technologies (NYSE:JMIA) saw a significant rise in call options trading, with 9,987 options purchased, representing a 172% increase from the average volume.
• The company's stock rose 28.1%, reaching $5.87, with a trading volume of over 14 million shares, surpassing its average of 3.3 million.
• Institutional investors have increased their stakes in Jumia Technologies, with Ameriprise Financial growing its position by 11% in the last quarter.

Jumia Technologies (NYSE:JMIA - Get Free Report) saw unusually large options trading activity on Thursday. Traders purchased 9,987 call options on the company. Thisisanincreaseof172% compared to the average daily volume of 3,666 call options.

Hedge Funds Weigh In On Jumia Technologies

Institutional investors have recently made changes to their positions in the company. Deuterium Capital Management LLC purchased a new stake in shares of Jumia Technologies during the first quarter worth $27,000. PDS Planning Inc purchased a new stake in shares of Jumia Technologies in the first quarter valued at about $31,000. GAMMA Investing LLC grew its holdings in shares of Jumia Technologies by 80.9% in the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock valued at $31,000 after purchasing an additional 3,485 shares during the period. WealthTrust Axiom LLC lifted its position in Jumia Technologies by 30.8% in the first quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company's stock valued at $37,000 after buying an additional 4,036 shares during the last quarter. Finally, Scotia Capital Inc. acquired a new position in Jumia Technologies in the fourth quarter valued at about $38,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Jumia Technologies in a research report on Monday.

Jumia Technologies Stock Performance

Shares of NYSE:JMIA traded up $0.67 during trading on Monday, hitting $6.45. 11,531,197 shares of the stock traded hands, compared to its average volume of 3,447,095. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.28. The company has a fifty day moving average price of $4.10 and a two-hundred day moving average price of $3.27. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $7.09.

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.