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 5.24M 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. Raymond James maintained it with “Outperform” rating and $2300 target in Thursday, August 22 report. The stock has “Outperform” rating by RBC Capital Markets on Thursday, August 22. The stock of Jumia Technologies AG (NYSE:JMIA) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, August 20.

More notable recent Jumia Technologies AG (NYSE:JMIA) news were published by: Fool.com which released: “Can Jumia Earn Back Its Amazon of Africa Title? – Motley Fool” on September 03, 2019, also Finance.Yahoo.com with their article: “Jumia Technologies AG to Host Earnings Call – Yahoo Finance” published on August 21, 2019, Benzinga.com published: “10 Biggest Price Target Changes For Thursday – Benzinga” on August 23, 2019. More interesting news about Jumia Technologies AG (NYSE:JMIA) were released by: Benzinga.com and their article: “32 Stocks Moving in Tuesday’s Pre-Market Session – Benzinga” published on August 20, 2019 as well as Seekingalpha.com‘s news article titled: “Jumia +4% as bear steps to sidelines – Seeking Alpha” with publication date: August 20, 2019.

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