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

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

Luckin Coffee Stock Performance

OTCMKTS:LKNCY opened at $28.05 on Friday. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $28.99. The firm has a 50-day moving average price of $24.86 and a two-hundred day moving average price of $23.09. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 25.73 and a beta of -0.69.

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