Jumia Technologies (NYSE:JMIA) Short Interest Update

Jumia Technologies (NYSE:JMIA) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 4,510,845 shares, a growth of 54.7% from the January 29th total of 2,916,367 shares. Based on an average daily trading volume, of 3,856,933 shares, the short-interest ratio is currently 1.2 days. Currently, 3.8% of the shares of the stock are sold short. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,856,933 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Craig Hallum initiated coverage on shares of Jumia Technologies in a research note on Tuesday, December 16th. They set a “buy” rating and a $18.00 target price for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Cantor Fitzgerald set a $16.00 price target on shares of Jumia Technologies in a report on Wednesday, February 11th. Finally, Benchmark initiated coverage on Jumia Technologies in a research report on Tuesday, November 25th. They issued a “buy” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Jumia Technologies Price Performance

NYSE JMIA traded down $0.32 during trading hours on Monday, hitting $7.91. 2,024,854 shares of the company were exchanged, compared to its average volume of 2,832,678. The company has a 50 day moving average of $11.67 and a two-hundred day moving average of $11.11. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $14.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.04.

Hedge Funds Weigh In On Jumia Technologies

Several large investors have recently bought and sold shares of JMIA. one8zero8 LLC purchased a new stake in Jumia Technologies during the third quarter worth approximately $1,611,000. Marex Group plc acquired a new stake in Jumia Technologies during the 2nd quarter worth $342,000. SBI Securities Co. Ltd. grew its holdings in shares of Jumia Technologies by 18.1% during the third quarter. SBI Securities Co. Ltd. now owns 465,846 shares of the company’s stock worth $5,408,000 after buying an additional 71,254 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Jumia Technologies by 29.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 74,970 shares of the company’s stock valued at $301,000 after purchasing an additional 16,897 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in Jumia Technologies by 204.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,742,694 shares of the company’s stock valued at $20,233,000 after buying an additional 1,170,214 shares during the period. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.