Luckin Coffee Inc. (OTCMKTS:LKNCY) Short Interest Update

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 7,378,000 shares, an increase of 28.2% from the May 31st total of 5,756,500 shares. Based on an average daily trading volume, of 5,548,700 shares, the days-to-cover ratio is currently 1.3 days.

Luckin Coffee Price Performance

Shares of LKNCY opened at $21.46 on Tuesday. The firm’s 50 day simple moving average is $20.63 and its 200 day simple moving average is $22.79. The company has a market capitalization of $6.00 billion, a P/E ratio of 23.08 and a beta of -0.52. Luckin Coffee has a 1-year low of $17.82 and a 1-year high of $38.88.

Luckin Coffee (OTCMKTS:LKNCY) last announced its earnings results on Tuesday, April 30th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $869.51 million during the quarter. Luckin Coffee had a net margin of 8.18% and a return on equity of 32.90%.

Luckin Coffee Company Profile

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.