Jumia Technologies AG American Depositary Shares (NYSE:JMIA) Sellers Covered 10.67% of Their Shorts

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 5.24M shares in October as published by FINRA. Its down 10.67% from 5.87 million shares, reported previously. With 2.81 million shares average volume, it will take short sellers 2 days to cover their JMIA’s short positions.

The stock decreased 7.09% or $0.51 during the last trading session, reaching $6.68. About 2.21M shares traded or 115.91% up from the average. Jumia Technologies AG (NYSE:JMIA) has 0.00% since October 12, 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 $523.77 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 229.34% above currents $6.68 stock price. Jumia Technologies had 9 analyst reports since May 6, 2019 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Tuesday, August 20 by Morgan Stanley. The stock has “Outperform” rating by Raymond James on Thursday, August 22. The rating was upgraded by RBC Capital Markets to “Outperform” on Thursday, August 22.

More notable recent Jumia Technologies AG (NYSE:JMIA) news were published by: Finance.Yahoo.com which released: “Jumia Options Volume Pops After Another Citron Tweet – Yahoo Finance” on May 28, 2019, also Fool.com with their article: “What Makes the Disney-Target Partnership So Magical – The Motley Fool” published on August 30, 2019, Benzinga.com published: “16 Stocks Moving in Wednesday’s Pre-Market Session – Benzinga” on October 09, 2019. More interesting news about Jumia Technologies AG (NYSE:JMIA) were released by: Investorplace.com and their article: “5 ‘Lottery Ticket’ Stocks That Could Soar 200% – Investorplace.com” published on September 20, 2019 as well as Benzinga.com‘s news article titled: “30 Stocks Moving In Tuesday’s Mid-Day Session – Benzinga” with publication date: October 08, 2019.

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