Shares of Jumia Technologies are moving higher after Andrew Left’s Citron Research reiterated its bullish call on the shares. Via twitter, the firm best known for short selling said, “$JMIA on its way to $100. Largest opportunity in E-Commerce Validated by Blowout Black Friday. New filing from Thursday shows Baillie Gifford just doubled their position and now owns greater than 20% of shares outstanding. If this was SPAC would be $100 TODAY.” Shares of Jumia are up 11% to $44.80 in midday trading.
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