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

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

Analysts Set New Price Targets

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

Luckin Coffee Stock Performance

OTCMKTS:LKNCY opened at $33.37 on Friday. Luckin Coffee has a 52 week low of $23.18 and a 52 week high of $43.64. The firm’s fifty day moving average is $34.56 and its 200-day moving average is $37.06. The firm has a market cap of $9.47 billion, a P/E ratio of 18.96 and a beta of -0.46.

Luckin Coffee (OTCMKTS:LKNCY) last released its earnings results on Monday, November 17th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm 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%.

About Luckin Coffee

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.