Short Interest in Luckin Coffee Inc. (OTCMKTS:LKNCY) Drops By 19.6%

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) was the target of a significant decrease in short interest in 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 presently 0.6 days. Currently, 1.6% of the company's stock are short sold.

Luckin Coffee Trading Down 5.4 %

LKNCY traded down $1.88 during trading on Friday, reaching $33.00. The stock had a trading volume of 1,880,745 shares, compared to its average volume of 2,396,654. The stock's 50 day moving average is $29.34 and its two-hundred day moving average is $25.55. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 24.81 and a beta of -0.64. Luckin Coffee has a one year low of $17.28 and a one year high of $36.00.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.40 earnings per share 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.