Jumia Technologies AG (NYSE:JMIA – Get Rating) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 8,520,000 shares, an increase of 18.5% from the August 15th total of 7,190,000 shares. Based on an average trading volume of 3,510,000 shares, the short-interest ratio is currently 2.4 days.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus reduced their target price on Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP acquired a new stake in shares of Jumia Technologies in the 2nd quarter valued at about $535,000. International Assets Investment Management LLC raised its stake in shares of Jumia Technologies by 19.8% in the 2nd quarter. International Assets Investment Management LLC now owns 27,500 shares of the company’s stock valued at $167,000 after purchasing an additional 4,550 shares during the period. State Street Corp raised its stake in shares of Jumia Technologies by 166.5% in the 2nd quarter. State Street Corp now owns 391,054 shares of the company’s stock valued at $2,370,000 after purchasing an additional 244,315 shares during the period. Hidden Lake Asset Management LP acquired a new stake in shares of Jumia Technologies in the 2nd quarter valued at about $6,140,000. Finally, Quantbot Technologies LP raised its stake in shares of Jumia Technologies by 169.5% in the 2nd quarter. Quantbot Technologies LP now owns 37,977 shares of the company’s stock valued at $230,000 after purchasing an additional 23,883 shares during the period. 19.74% of the stock is currently owned by institutional investors.
Jumia Technologies Stock Up 1.0 %
Jumia Technologies Company Profile
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.
- Get a free copy of the StockNews.com research report on Jumia Technologies (JMIA)
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