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

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the recipient of a significant drop in short interest in 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. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 7,603,000 shares, the days-to-cover ratio is currently 0.6 days.

Luckin Coffee Stock Down 2.3 %

Luckin Coffee stock traded down $0.84 during midday trading on Wednesday, reaching $35.00. 2,895,230 shares of the stock traded hands, compared to its average volume of 2,415,999. The stock has a market cap of $9.79 billion, a P/E ratio of 26.32 and a beta of -0.64. Luckin Coffee has a 12 month low of $17.28 and a 12 month high of $36.00. The stock’s fifty day moving average is $28.81 and its 200-day moving average is $25.30.

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