Short Interest in Luckin Coffee Inc. (OTCMKTS:LKNCY) Declines By 6.0%

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 6,282,500 shares, a decrease of 6.0% from the July 31st total of 6,685,900 shares. Based on an average daily volume of 2,810,900 shares, the days-to-cover ratio is currently 2.2 days.

Luckin Coffee Price Performance

Shares of LKNCY opened at $19.90 on Monday. The company has a 50-day simple moving average of $20.63 and a two-hundred day simple moving average of $21.53. The firm has a market capitalization of $5.57 billion, a PE ratio of 21.40 and a beta of -0.50. Luckin Coffee has a one year low of $17.28 and a one year high of $38.88.

Luckin Coffee (OTCMKTS:LKNCY) last released its earnings results on Tuesday, July 30th. The company reported $0.40 EPS 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%.

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.