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

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the target of a large 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 Stock Down 0.9 %

Shares of LKNCY opened at $21.86 on Wednesday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.51 and a beta of -0.50. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $38.88. The stock’s 50-day moving average price is $20.99 and its 200-day moving average price is $21.66.

Luckin Coffee (OTCMKTS:LKNCY) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.40 EPS for the quarter. The business had revenue of $1.16 billion for the quarter. Luckin Coffee had a return on equity of 29.38% and a net margin of 7.12%.

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.