Is Buying Jumia Technologies AG American Depositary Shares (NYSE:JMIA) Here Good Idea?

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 5.87M 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 stock of Jumia Technologies AG (NYSE:JMIA) has “Outperform” rating given on Thursday, August 22 by RBC Capital Markets. As per Thursday, August 22, the company rating was maintained by Raymond James. Morgan Stanley upgraded the shares of JMIA in report on Tuesday, August 20 to “Equal-Weight” rating.

More notable recent Jumia Technologies AG (NYSE:JMIA) news were published by: which released: “Jumia Technologies Files For U.S. IPO – Seeking Alpha” on March 14, 2019, also with their article: “Jumia +4% as bear steps to sidelines – Seeking Alpha” published on August 20, 2019, published: “2 Broken IPOs That Won’t Bounce Back in 2020 – The Motley Fool” on September 30, 2019. More interesting news about Jumia Technologies AG (NYSE:JMIA) were released by: and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Jumia Technologies AG – JMIA – Yahoo Finance” published on May 21, 2019 as well as‘s news article titled: “Jumia Is Not the MercadoLibre of Africa – Motley Fool” with publication date: May 15, 2019.

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