Jumia Technologies AG (NYSE:JMIA) Short Interest Down 14.1% in October

Jumia Technologies AG (NYSE:JMIA) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,860,000 shares, a decrease of 14.1% from the October 15th total of 6,820,000 shares. Based on an average daily volume of 3,100,000 shares, the days-to-cover ratio is presently 1.9 days.

Jumia Technologies Stock Up 0.4 %

NYSE JMIA traded up $0.01 during trading hours on Monday, reaching $3.74. The company’s stock had a trading volume of 1,351,270 shares, compared to its average volume of 3,918,068. 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 52 week low of $2.78 and a 52 week high of $15.04. The firm has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $6.66.

Institutional Trading of Jumia Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crumly & Associates Inc. purchased a new position in Jumia Technologies during the third quarter valued at approximately $55,000. Wrapmanager Inc. purchased a new stake in Jumia Technologies during the 3rd quarter valued at about $58,000. Diversify Advisory Services LLC acquired a new position in Jumia Technologies in the 3rd quarter valued at about $68,000. The Manufacturers Life Insurance Company acquired a new position in shares of Jumia Technologies in the 2nd quarter worth approximately $74,000. Finally, Boston Standard Wealth Management LLC acquired a new stake in Jumia Technologies during the 2nd quarter worth approximately $75,000. Institutional investors own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Benchmark reduced their target price on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada began coverage on shares of Jumia Technologies in a research report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price target on the 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.