Luckin Coffee Inc. (OTCMKTS:LKNCY) Sees Significant Decrease in Short Interest

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) was the recipient 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 short-interest ratio is currently 0.6 days. Currently, 1.6% of the company's shares are sold short.

Luckin Coffee Trading Down 3.9 %

Shares of LKNCY stock traded down $1.38 during trading hours on Thursday, hitting $33.62. 2,377,930 shares of the company were exchanged, compared to its average volume of 2,415,266. The business has a 50 day moving average of $28.98 and a two-hundred day moving average of $25.35. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $36.00. The company has a market capitalization of $9.41 billion, a PE ratio of 25.28 and a beta of -0.64.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last issued 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 net margin of 8.54% and a return on equity of 35.32%. The company 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.