Jumia Technologies Sees Unusually Large Options Volume (NYSE:JMIA)

Jumia Technologies (NYSE:JMIA) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 21,504 call options on the stock. This represents an increase of 602% compared to the average daily volume of 3,063 call options.

Jumia Technologies Stock Up 16.3%

JMIA traded up $0.66 during midday trading on Tuesday, reaching $4.68. 10,673,345 shares of the company’s stock were exchanged, compared to its average volume of 3,806,167. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $15.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.57. The business’s 50-day moving average price is $3.07 and its 200 day moving average price is $3.13.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its position in shares of Jumia Technologies by 98.9% during the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock worth $26,000 after purchasing an additional 3,385 shares during the last quarter. Scotia Capital Inc. purchased a new position in Jumia Technologies during the fourth quarter worth $38,000. Deuterium Capital Management LLC acquired a new position in shares of Jumia Technologies in the first quarter worth $27,000. Daiwa Securities Group Inc. lifted its position in shares of Jumia Technologies by 118.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,145 shares of the company’s stock valued at $54,000 after acquiring an additional 7,679 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Jumia Technologies by 24.0% in the fourth quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company’s stock valued at $55,000 after acquiring an additional 2,804 shares in the last quarter. 16.50% of the stock is owned by hedge funds and other institutional investors.

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 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.