Short Interest in Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) Expands By 18.7%

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,891,984 shares, an increase of 18.7% from the January 29th total of 2,436,889 shares. Based on an average daily volume of 4,360,729 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the shares of the stock are sold short. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 4,360,729 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Luckin Coffee from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.00.

Luckin Coffee Stock Up 0.7%

Shares of OTCMKTS LKNCY opened at $35.01 on Friday. Luckin Coffee has a twelve month low of $24.85 and a twelve month high of $43.64. The firm has a fifty day simple moving average of $35.05 and a 200 day simple moving average of $36.88. The company has a market capitalization of $9.93 billion, a PE ratio of 21.88 and a beta of -0.35.

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.