Jumia Technologies AG (NYSE:JMIA) Sees Significant Increase in Short Interest

Jumia Technologies AG (NYSE:JMIA) was the recipient of a large increase in short interest in 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. Approximately 9.8% of the company’s stock are sold short. Based on an average trading volume of 3,630,000 shares, the short-interest ratio is currently 2.7 days.

Jumia Technologies Stock Up 4.4 %

Shares of JMIA stock traded up $0.11 during trading on Wednesday, reaching $2.49. The company had a trading volume of 1,544,788 shares, compared to its average volume of 3,906,381. The firm’s 50 day simple moving average is $3.37 and its two-hundred day simple moving average is $4.10. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies has a one year low of $2.21 and a one year high of $15.04.

Jumia Technologies (NYSE:JMIA) 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 net margin of 59.16% and a negative return on equity of 174.93%. The business had revenue of $45.69 million during the quarter.

Wall Street Analyst Weigh In

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

Institutional Trading of Jumia Technologies

Institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Jumia Technologies by 98.9% during the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock worth $26,000 after purchasing an additional 3,385 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Jumia Technologies by 148.4% during the 4th quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock worth $27,000 after buying an additional 4,225 shares during the period. Scotia Capital Inc. bought a new position in shares of Jumia Technologies during the 4th quarter worth approximately $38,000. CenterStar Asset Management LLC bought a new position in shares of Jumia Technologies during the 4th quarter worth approximately $42,000. Finally, Ballentine Partners LLC bought a new position in shares of Jumia Technologies during the 4th quarter worth approximately $49,000. 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 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.