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

Luckin Coffee Inc. (OTCMKTS:LKNCY) saw a significant decrease in short interest during the month of 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 trading volume, of 7,603,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.6% of the company’s shares are sold short.

Luckin Coffee Stock Performance

Shares of LKNCY traded down $0.84 during mid-day trading on Wednesday, hitting $35.00. 2,895,230 shares of the company’s stock were exchanged, compared to its average volume of 2,415,999. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 26.32 and a beta of -0.64. Luckin Coffee has a fifty-two week low of $17.28 and a fifty-two week high of $36.00. The stock’s 50-day moving average is $28.81 and its 200-day moving average is $25.30.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.22 by $0.18. The company had revenue of $1.32 billion for the quarter. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%.

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.