Short Interest in Jumia Technologies AG (NYSE:JMIA) Increases By 19.6%

Jumia Technologies AG (NYSE:JMIA - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 9,720,000 shares, a growth of 19.6% from the February 13th total of 8,130,000 shares. Approximately 9.8% of the company's stock are short sold. Based on an average trading volume of 3,630,000 shares, the days-to-cover ratio is currently 2.7 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price objective on shares of Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating for the company in a report on Friday, February 21st.

Institutional Investors Weigh In On Jumia Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP boosted its position in shares of Jumia Technologies by 22.5% during the fourth quarter. Two Sigma Advisers LP now owns 118,700 shares of the company's stock worth $453,000 after acquiring an additional 21,800 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Jumia Technologies by 15.1% during the 4th quarter. Point72 Asset Management L.P. now owns 95,304 shares of the company's stock valued at $364,000 after purchasing an additional 12,504 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Jumia Technologies by 14.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,100 shares of the company's stock valued at $180,000 after purchasing an additional 6,096 shares in the last quarter. Graham Capital Management L.P. increased its holdings in shares of Jumia Technologies by 61.7% in the fourth quarter. Graham Capital Management L.P. now owns 210,024 shares of the company's stock worth $802,000 after purchasing an additional 80,115 shares during the last quarter. Finally, Centiva Capital LP lifted its position in shares of Jumia Technologies by 438.2% in the fourth quarter. Centiva Capital LP now owns 87,477 shares of the company's stock worth $334,000 after buying an additional 71,223 shares in the last quarter. Institutional investors own 16.50% of the company's stock.

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Jumia Technologies Price Performance

NYSE JMIA traded up $0.04 on Friday, hitting $2.47. 1,257,668 shares of the company traded hands, compared to its average volume of 3,895,539. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. The business's 50 day moving average price is $3.29 and its 200-day moving average price is $4.06. Jumia Technologies has a 52-week low of $2.21 and a 52-week high of $15.04.

Jumia Technologies (NYSE:JMIA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($999.00) earnings per share (EPS) for the quarter. Jumia Technologies had a negative net margin of 59.16% and a negative return on equity of 174.93%. The company had revenue of $45.69 million for the quarter.

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.