Traders Purchase High Volume of Jumia Technologies Call Options (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the target of unusually large options trading on Friday. Stock traders acquired 17,624 call options on the stock. This represents an increase of 54% compared to the average daily volume of 11,465 call options.

Institutional Trading of Jumia Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Jumia Technologies by 15.3% in the first quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock worth $78,000 after purchasing an additional 2,011 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Jumia Technologies by 15.8% in the first quarter. International Assets Investment Management LLC now owns 18,650 shares of the company’s stock worth $95,000 after purchasing an additional 2,550 shares in the last quarter. Wealth Effects LLC grew its stake in shares of Jumia Technologies by 4.0% during the first quarter. Wealth Effects LLC now owns 77,110 shares of the company’s stock worth $395,000 after acquiring an additional 2,960 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Jumia Technologies by 138.6% during the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Jumia Technologies by 430.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock worth $27,000 after acquiring an additional 6,239 shares during the last quarter. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Price Performance

JMIA stock opened at $6.16 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.19 and a current ratio of 1.27. The business has a 50-day moving average price of $5.31 and a 200 day moving average price of $4.38. Jumia Technologies has a 1-year low of $2.22 and a 1-year high of $8.10.

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 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.