Jumia Technologies (NYSE:JMIA) Short Interest Update

Jumia Technologies (NYSE:JMIA) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 5,683,171 shares, an increase of 21.3% from the March 31st total of 4,686,378 shares. Based on an average daily volume of 1,644,116 shares, the days-to-cover ratio is presently 3.5 days. Approximately 4.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research note on Tuesday, April 21st. Craig Hallum reiterated a “buy” rating on shares of Jumia Technologies in a research note on Tuesday, March 10th. Cantor Fitzgerald set a $16.00 price objective on Jumia Technologies in a research note on Wednesday, February 11th. Finally, New Street Research set a $18.00 price objective on Jumia Technologies in a research note on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Jumia Technologies Price Performance

NYSE:JMIA opened at $7.03 on Friday. Jumia Technologies has a 52-week low of $2.13 and a 52-week high of $14.72. The business’s fifty day moving average is $7.38 and its 200 day moving average is $10.24. The company has a current ratio of 1.14, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Jumia Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in Jumia Technologies by 2,066.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $47,000 after buying an additional 3,596 shares in the last quarter. Global Retirement Partners LLC grew its position in Jumia Technologies by 111.1% during the third quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock worth $44,000 after buying an additional 2,000 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Jumia Technologies during the fourth quarter worth about $54,000. Federation des caisses Desjardins du Quebec grew its position in Jumia Technologies by 29.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,797 shares of the company’s stock worth $122,000 after buying an additional 2,220 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in Jumia Technologies during the third quarter worth about $118,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

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.