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

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 6,096,800 shares, a decline of 12.4% from the December 31st total of 6,958,700 shares. Based on an average daily trading volume, of 2,579,900 shares, the days-to-cover ratio is currently 2.4 days.

Luckin Coffee Stock Up 5.3 %

OTCMKTS:LKNCY traded up $1.49 during mid-day trading on Wednesday, hitting $29.64. 2,519,513 shares of the stock traded hands, compared to its average volume of 1,142,247. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 27.19 and a beta of -0.71. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $29.93. The firm's 50 day moving average is $25.13 and its two-hundred day moving average is $23.27.

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.