Short Interest in Luckin Coffee Inc. (OTCMKTS:LKNCY) Declines By 7.8%

Luckin Coffee Inc. (OTCMKTS:LKNCY) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 6,685,900 shares, a decline of 7.8% from the July 15th total of 7,249,800 shares. Based on an average daily trading volume, of 3,995,100 shares, the days-to-cover ratio is currently 1.7 days.

Luckin Coffee Trading Down 0.9 %

Shares of Luckin Coffee stock opened at $21.86 on Wednesday. Luckin Coffee has a twelve month low of $17.28 and a twelve month high of $38.88. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 23.51 and a beta of -0.50. The company has a fifty day moving average price of $20.99 and a 200 day moving average price of $21.66.

Luckin Coffee (OTCMKTS:LKNCY) last issued its earnings results on Tuesday, July 30th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $1.16 billion during the quarter. Luckin Coffee had a return on equity of 29.38% and a net margin of 7.12%.

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.