Luckin Coffee Inc. (OTCMKTS:LKNCY) Short Interest Up 28.2% in June

Luckin Coffee Inc. (OTCMKTS:LKNCY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 7,378,000 shares, an increase of 28.2% from the May 31st total of 5,756,500 shares. Based on an average trading volume of 5,548,700 shares, the days-to-cover ratio is presently 1.3 days.

Luckin Coffee Stock Up 1.9 %

OTCMKTS:LKNCY opened at $21.10 on Friday. Luckin Coffee has a 52 week low of $17.82 and a 52 week high of $38.88. The stock’s fifty day moving average is $20.63 and its two-hundred day moving average is $22.82. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 22.69 and a beta of -0.52.

Luckin Coffee (OTCMKTS:LKNCY) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.01) EPS for the quarter. Luckin Coffee had a return on equity of 32.90% and a net margin of 8.18%. The business had revenue of $869.51 million during 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.