$JMIA Going To Squeeze The Shorts With 82% Of Float Short

$JMIA is on the verge of an epic short squeeze. While the shorts have been right on the money so far, we believe they have overstayed their welcome and are going to be forced to cover.

Yesterday's news:

Jumia (NYSE:JMIA) has named Kenneth Oyolla as its new chief commercial officer, replacing Diana Owusu-Kyereko, according to Business Standard sources.

Owusu-Kyereko was promoted to head Jumia Ghana under the loss-cutting reorganization process.

Oyolla joins from serving in a similar position at Industrial Promotion Services. His prior work history includes stints at Nokia and Unilever.

As always, use protective stops and trade with caution.

Good luck to all!

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$JMIA short squeeze is starting