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

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,958,700 shares, a growth of 27.0% from the December 15th total of 5,481,200 shares. Based on an average trading volume of 1,550,500 shares, the days-to-cover ratio is presently 4.5 days.

Luckin Coffee Stock Performance

LKNCY stock traded up $0.49 during trading on Friday, hitting $25.89. 3,265,129 shares of the company’s stock traded hands, compared to its average volume of 814,768. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $28.82. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 23.75 and a beta of -0.69. The business has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $22.62.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.20. Luckin Coffee had a net margin of 7.51% and a return on equity of 30.29%. The firm had revenue of $1.45 billion during the quarter.

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.