Short Interest in Jumia Technologies AG (NYSE:JMIA) Declines By 15.5% – MarketBeat

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Jumia Technologies AG (NYSE:JMIA – Get Rating) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 8,640,000 shares, a decline of 15.5% from the May 15th total of 10,220,000 shares. Based on an average daily volume of 5,360,000 shares, the short-interest ratio is presently 1.6 days.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Spire Wealth Management lifted its holdings in shares of Jumia Technologies by 432.1% during the 4th quarter. Spire Wealth Management now owns 2,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,100 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in shares of Jumia Technologies by 73.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,767 shares of the company’s stock worth $33,000 after acquiring an additional 750 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Jumia Technologies by 1,979.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the company’s stock worth $33,000 after acquiring an additional 2,731 shares during the period. Fairfield Bush & CO. bought a new stake in shares of Jumia Technologies during the 1st quarter worth approximately $66,000. Finally, Sterling Investment Advisors Ltd. lifted its holdings in shares of Jumia Technologies by 15,950.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company’s stock worth $91,000 after acquiring an additional 7,975 shares during the period. 37.98% of the stock is owned by hedge funds and other institutional investors.
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NYSE JMIA traded up $0.17 during trading on Friday, reaching $6.20. The company’s stock had a trading volume of 126,530 shares, compared to its average volume of 3,782,959. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.09 and a current ratio of 3.20. Jumia Technologies has a 12 month low of $4.47 and a 12 month high of $32.39. The firm has a 50 day moving average price of $7.18 and a 200 day moving average price of $8.91.
Separately, Stifel Nicolaus decreased their price target on shares of Jumia Technologies from $11.00 to $9.00 in a research note on Wednesday, May 18th.
About Jumia Technologies (Get Rating)
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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