Investors Buy Large Volume of Call Options on Jumia Technologies (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) saw unusually large options trading activity on Tuesday. Stock investors bought 18,231 call options on the stock. This represents an increase of approximately 90% compared to the average daily volume of 9,578 call options.

Institutional Investors Weigh In On Jumia Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. bought a new position in shares of Jumia Technologies during the fourth quarter worth $61,000. Citigroup Inc. lifted its holdings in Jumia Technologies by 12.2% during the third quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock worth $311,000 after acquiring an additional 12,800 shares in the last quarter. International Assets Investment Management LLC grew its stake in Jumia Technologies by 236.3% in the fourth quarter. International Assets Investment Management LLC now owns 56,833 shares of the company’s stock valued at $201,000 after acquiring an additional 39,933 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Jumia Technologies by 430.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock worth $27,000 after acquiring an additional 6,239 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter worth about $47,000. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Performance

Shares of Jumia Technologies stock opened at $6.53 on Thursday. The firm has a fifty day moving average of $5.45 and a two-hundred day moving average of $4.06. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.03. Jumia Technologies has a 52 week low of $2.22 and a 52 week high of $8.10.

About Jumia Technologies

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 customers; logistics service, which 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 under the JumiaPay name.