Jumia Technologies AG (NYSE:JMIA – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 6,890,000 shares, an increase of 18.6% from the March 15th total of 5,810,000 shares. Based on an average trading volume of 3,110,000 shares, the short-interest ratio is currently 2.2 days.
Institutional Investors Weigh In On Jumia Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Jumia Technologies by 10.0% in the first quarter. Renaissance Technologies LLC now owns 1,331,395 shares of the company’s stock worth $12,755,000 after buying an additional 121,126 shares in the last quarter. State Street Corp increased its stake in Jumia Technologies by 92.2% in the second quarter. State Street Corp now owns 836,385 shares of the company’s stock valued at $2,860,000 after acquiring an additional 401,315 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Jumia Technologies by 455.4% in the first quarter. BNP Paribas Arbitrage SA now owns 614,712 shares of the company’s stock valued at $5,889,000 after acquiring an additional 504,038 shares during the last quarter. Morgan Stanley increased its stake in Jumia Technologies by 24.4% in the fourth quarter. Morgan Stanley now owns 587,870 shares of the company’s stock valued at $1,887,000 after acquiring an additional 115,304 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Jumia Technologies by 409.1% in the first quarter. Bank of America Corp DE now owns 569,872 shares of the company’s stock valued at $5,460,000 after acquiring an additional 457,945 shares during the last quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.
Jumia Technologies Trading Down 7.0 %
Shares of JMIA stock opened at $4.14 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.03. Jumia Technologies has a 52-week low of $2.22 and a 52-week high of $8.10. The business’s fifty day moving average is $5.23 and its 200 day moving average is $3.82.
Wall Street Analyst Weigh In
View Our Latest Report on JMIA
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 consumers; logistics service that 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.
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