Luckin Coffee Inc. (OTCMKTS:LKNCY) Short Interest Down 19.6% in February

Luckin Coffee Inc. (OTCMKTS:LKNCY) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 4,449,900 shares, a decline of 19.6% from the February 13th total of 5,536,600 shares. Based on an average trading volume of 7,603,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.6% of the shares of the company are short sold.

Luckin Coffee Stock Up 6.7 %

OTCMKTS LKNCY traded up $2.24 during trading hours on Tuesday, hitting $35.84. 5,451,839 shares of the stock were exchanged, compared to its average volume of 2,395,219. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 26.95 and a beta of -0.64. Luckin Coffee has a 12-month low of $17.28 and a 12-month high of $36.00. The stock has a 50-day moving average of $28.63 and a 200 day moving average of $25.19.

Luckin Coffee (OTCMKTS:LKNCY) last released its earnings results on Thursday, February 20th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.18. The company had revenue of $1.32 billion for the quarter. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%.

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.