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

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,584,200 shares, a growth of 28.7% from the March 31st total of 6,670,300 shares. Based on an average daily volume of 4,825,300 shares, the days-to-cover ratio is currently 1.8 days.

Luckin Coffee Stock Up 0.1 %

Shares of OTCMKTS:LKNCY traded up $0.02 during midday trading on Tuesday, reaching $21.00. The company’s stock had a trading volume of 12,283,628 shares, compared to its average volume of 2,822,103. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 17.50 and a beta of -0.57. The business has a 50 day moving average price of $23.07 and a 200 day moving average price of $26.32. Luckin Coffee has a 1 year low of $17.77 and a 1 year high of $38.88.

Luckin Coffee (OTCMKTS:LKNCY) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.16 earnings per share (EPS) for the quarter. Luckin Coffee had a return on equity of 44.71% and a net margin of 11.40%. The firm had revenue of $995.08 million for 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.