Jumia Technologies AG (NYSE:JMIA) Short Interest Update

Jumia Technologies AG (NYSE:JMIA) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,720,000 shares, an increase of 19.6% from the February 13th total of 8,130,000 shares. Based on an average daily volume of 3,630,000 shares, the short-interest ratio is presently 2.7 days. Approximately 9.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Jumia Technologies Trading Down 3.0 %

NYSE:JMIA traded down $0.08 on Thursday, reaching $2.42. The stock had a trading volume of 960,305 shares, compared to its average volume of 3,894,920. Jumia Technologies has a 1-year low of $2.21 and a 1-year high of $15.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. The stock has a fifty day moving average price of $3.34 and a 200-day moving average price of $4.09.

Jumia Technologies (NYSE:JMIA) last announced 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 company had revenue of $45.69 million for the quarter.

Hedge Funds Weigh In On Jumia Technologies

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in Jumia Technologies by 11.0% in the fourth quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company’s stock valued at $94,000 after buying an additional 2,455 shares during the period. Quadrant Capital Group LLC lifted its holdings in Jumia Technologies by 24.0% in the fourth quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company’s stock valued at $55,000 after buying an additional 2,804 shares during the period. Signaturefd LLC increased its stake in Jumia Technologies by 98.9% in the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock valued at $26,000 after purchasing an additional 3,385 shares in the last quarter. Blue Trust Inc. increased its stake in Jumia Technologies by 148.4% in the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock valued at $27,000 after purchasing an additional 4,225 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Jumia Technologies by 14.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,100 shares of the company’s stock valued at $180,000 after purchasing an additional 6,096 shares in the last quarter. 16.50% of the stock is currently owned by institutional investors and hedge funds.

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.