Could Jumia Technologies AG American Depositary Shares (NYSE:JMIA) Go Down After Its Newest Short Interest Report?

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 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 2.21 million 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 rating was upgraded by Morgan Stanley to “Equal-Weight” on Tuesday, August 20. Raymond James maintained Jumia Technologies AG (NYSE:JMIA) on Thursday, August 22 with “Outperform” rating. RBC Capital Markets upgraded Jumia Technologies AG (NYSE:JMIA) rating on Thursday, August 22. RBC Capital Markets has “Outperform” rating and $3000 target.

More notable recent Jumia Technologies AG (NYSE:JMIA) news were published by: Fool.com which released: “What Makes the Disney-Target Partnership So Magical – The Motley Fool” on August 30, 2019, also Finance.Yahoo.com with their article: “Jumia Options Volume Pops After Another Citron Tweet – Yahoo Finance” published on May 28, 2019, Finance.Yahoo.com published: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Jumia Technologies AG – JMIA – Yahoo Finance” on May 21, 2019. More interesting news about Jumia Technologies AG (NYSE:JMIA) were released by: Fool.com and their article: “4 IPOs That Have More Than Doubled in 2019 – Motley Fool” published on May 08, 2019 as well as Globenewswire.com‘s news article titled: “Bragar Eagel & Squire, PC Reminds Investors That a Class Action Lawsuit Has Been Filed Against Jumia Technologies AG (NYSE: JMIA) and Encourages Jumia Investors to Contact the Firm – GlobeNewswire” with publication date: July 12, 2019.

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