Is Jumia Technologies AG American Depositary Shares (NYSE:JMIA)’s Fuel Running High? Reports Show Less Sellers

The stock of Jumia Technologies AG American Depositary Shares (NYSE:JMIA) registered a decrease of 10.67% in short interest. JMIA’s total short interest was 5.24 million shares in September as published by FINRA. Its down 10.67% from 5.87 million shares, reported previously. With 2.81M shares average volume, it will take short sellers 2 days to cover their JMIA’s short positions.

The stock increased 1.65% or $0.18 during the last trading session, reaching $11.11. About 461,342 shares traded. Jumia Technologies AG (NYSE:JMIA) has 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.

Jumia Technologies AG operates an e-commerce platform in Africa. The company has market cap of $871.12 million. The company's platform consists of marketplace, which 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. It currently has negative earnings. The Company’s marketplace offers various products in a range of categories, including fashion and apparel, smartphones, home and living, consumer packaged goods, beauty and perfumes, and other electronics, as well as access to various services, such as restaurant food delivery, hotel and flight booking, classified advertising, airtime recharge, and instant delivery.

Jumia Technologies AG (NYSE:JMIA) Ratings Coverage

Among 3 analysts covering Jumia Technologies (NYSE:JMIA), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Jumia Technologies has $4000 highest and $1300 lowest target. $22’s average target is 98.02% above currents $11.11 stock price. Jumia Technologies had 9 analyst reports since May 6, 2019 according to SRatingsIntel. The stock of Jumia Technologies AG (NYSE:JMIA) earned “Outperform” rating by Raymond James on Thursday, August 22. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, August 20. The firm earned “Outperform” rating on Thursday, August 22 by RBC Capital Markets.

More notable recent Jumia Technologies AG (NYSE:JMIA) news were published by: Finance.Yahoo.com which released: “What Kind Of Shareholder Owns Most Jumia Technologies AG (NYSE:JMIA) Stock? – Yahoo Finance” on July 12, 2019, also Streetinsider.com with their article: “Pre-Open Movers (08/21) (TGT) (LOW) (RMAX) Higher; (JMIA) (PLCE) (CREE) Lower (More…) – StreetInsider.com” published on August 21, 2019, Fool.com published: “What Makes the Disney-Target Partnership So Magical – The Motley Fool” on August 30, 2019. More interesting news about Jumia Technologies AG (NYSE:JMIA) were released by: Fool.com and their article: “Can Jumia Earn Back Its Amazon of Africa Title? – Motley Fool” published on September 03, 2019 as well as Benzinga.com‘s news article titled: “26 Stocks Moving in Thursday’s Pre-Market Session – Benzinga” with publication date: August 22, 2019.

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