Luckin Coffee Inc. (OTCMKTS:LKNCY) Short Interest Update

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,449,900 shares, a drop of 19.6% from the February 13th total of 5,536,600 shares. Based on an average daily trading volume, of 7,603,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.6% of the company’s stock are short sold.

Luckin Coffee Stock Performance

Shares of Luckin Coffee stock opened at $33.60 on Monday. The business’s 50 day simple moving average is $28.44 and its 200 day simple moving average is $25.08. Luckin Coffee has a 52-week low of $17.28 and a 52-week high of $35.03. The firm has a market cap of $9.40 billion, a PE ratio of 25.26 and a beta of -0.64.

Luckin Coffee (OTCMKTS:LKNCY) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.18. The firm had revenue of $1.32 billion for the quarter. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%.

Luckin Coffee Company Profile

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.