Luckin Coffee Inc. (OTCMKTS:LKNCY) Short Interest Down 19.6% in February

Luckin Coffee Inc. (OTCMKTS:LKNCY) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 4,449,900 shares, a decline 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 short sold.

Luckin Coffee Price Performance

Shares of OTCMKTS:LKNCY traded up $2.24 on Tuesday, reaching $35.84. The company’s stock had a trading volume of 5,451,839 shares, compared to its average volume of 2,395,219. Luckin Coffee has a 52-week low of $17.28 and a 52-week high of $36.00. The stock has a market capitalization of $10.03 billion, a P/E ratio of 26.95 and a beta of -0.64. The stock’s 50-day moving average is $28.63 and its two-hundred day moving average is $25.19.

Luckin Coffee (OTCMKTS:LKNCY) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.40 EPS for the quarter, beating 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.

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.