JMIA - January 31, 2021
JMIA operates an ecommerce platform based in Africa, acting as a full service suite for connecting sellers with buyers, a full fledged logistics platform, as well as integrated payment platform. They are not EBITDA profitable but forecast massive growth in the coming years as they are well poised to benefit from globalization and technological developments. JMIA also has a 16% short float and may see a strong push if high short interest stocks continue to pump from WSB. Finally, AMZN reports earnings on Tuesday AMC and JMIA can be a sympathy play to the upside.
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