Exclusive: Why Citron Research's Andrew Left Says Jumia Coul

Exclusive: Why Citron Research's Andrew Left Says Jumia Could Be Buyout Target


Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.
Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders and inefficiencies. 
Citron Research published a second article on Jumia at the end of 2020 calling it a generational buying opportunity and noting that things had changed.
The report cited an accelerated shift toward e-commerce due to the COVID-19 pandemic as a catalyst for the stock moving forward. 
Left told Benzinga Thursday that the reasons behind Citron's shift on Jumia that have been reported don't accurately reflect what he sees in the stock as of now.

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