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

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 6,958,700 shares, a growth of 27.0% from the December 15th total of 5,481,200 shares. Based on an average trading volume of 1,550,500 shares, the days-to-cover ratio is currently 4.5 days.

Luckin Coffee Trading Up 1.9 %

OTCMKTS:LKNCY traded up $0.49 during trading hours on Friday, reaching $25.89. The company had a trading volume of 3,265,129 shares, compared to its average volume of 814,768. The firm’s 50 day moving average price is $24.00 and its 200-day moving average price is $22.62. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 23.75 and a beta of -0.69. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $28.82.

Luckin Coffee (OTCMKTS:LKNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.44 by $0.20. Luckin Coffee had a return on equity of 30.29% and a net margin of 7.51%. The company 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.