Short Interest in Luckin Coffee Inc. (OTCMKTS:LKNCY) Increases By 27.0%

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

Luckin Coffee Stock Up 1.9 %

Shares of OTCMKTS:LKNCY traded up $0.49 during mid-day trading on Friday, reaching $25.89. 3,265,129 shares of the stock were exchanged, compared to its average volume of 814,768. The company has a market cap of $7.24 billion, a P/E ratio of 23.75 and a beta of -0.69. Luckin Coffee has a one year low of $17.28 and a one year high of $28.82. The stock’s 50 day simple moving average is $24.00 and its 200-day simple moving average is $22.62.

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

About Luckin Coffee

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.