Jumia Technologies (NYSE:JMIA) Short Interest Up 54.7% in February

Jumia Technologies (NYSE:JMIA) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 4,510,845 shares, an increase of 54.7% from the January 29th total of 2,916,367 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 3,856,933 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 3,856,933 shares, the days-to-cover ratio is presently 1.2 days. Approximately 3.8% of the shares of the company are short sold.

Jumia Technologies Price Performance

Jumia Technologies stock opened at $8.23 on Friday. The company’s 50-day moving average price is $11.77 and its two-hundred day moving average price is $11.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.04. Jumia Technologies has a twelve month low of $1.60 and a twelve month high of $14.72.

Institutional Trading of Jumia Technologies

Institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC acquired a new position in Jumia Technologies in the 2nd quarter valued at $41,000. Global Retirement Partners LLC boosted its position in shares of Jumia Technologies by 111.1% in the third quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock valued at $44,000 after acquiring an additional 2,000 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Jumia Technologies by 2,066.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $47,000 after acquiring an additional 3,596 shares in the last quarter. Jump Financial LLC bought a new position in Jumia Technologies during the second quarter worth about $49,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Jumia Technologies in the 2nd quarter worth about $50,000. 16.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JMIA has been the topic of several recent analyst reports. Benchmark initiated coverage on shares of Jumia Technologies in a research note on Tuesday, November 25th. They set a “buy” rating and a $18.00 price objective on the stock. Cantor Fitzgerald set a $16.00 price target on Jumia Technologies in a research report on Wednesday, February 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Thursday, January 22nd. Finally, Craig Hallum assumed coverage on Jumia Technologies in a research report on Tuesday, December 16th. They issued a “buy” rating and a $18.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.75.

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.