Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) Short Interest Update

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,011,831 shares, an increase of 109.7% from the December 31st total of 959,365 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 3,988,500 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 3,988,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the shares of the company are sold short.

Luckin Coffee Stock Performance

OTCMKTS:LKNCY opened at $32.61 on Friday. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 18.53 and a beta of -0.46. Luckin Coffee has a 52 week low of $23.18 and a 52 week high of $43.64. The firm’s 50-day simple moving average is $34.63 and its 200 day simple moving average is $37.09.

Luckin Coffee (OTCMKTS:LKNCY) last released its quarterly earnings results on Monday, November 17th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.94 billion. Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Luckin Coffee to a “hold” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Luckin Coffee presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.