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

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

Luckin Coffee Trading Up 6.0 %

Shares of OTCMKTS LKNCY opened at $33.60 on Monday. The business has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $25.08. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 25.26 and a beta of -0.64. Luckin Coffee has a one year low of $17.28 and a one year high of $35.03.

Luckin Coffee (OTCMKTS:LKNCY) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.40 earnings per share (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 firm had revenue of $1.32 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.