Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) Short Interest Up 109.7% in January

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) was the target of a large growth in short interest during 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 volume of 3,988,500 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 3,988,500 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

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

Luckin Coffee Stock Up 2.3%

Luckin Coffee stock opened at $33.37 on Friday. The firm’s 50-day simple moving average is $34.56 and its 200 day simple moving average is $37.06. Luckin Coffee has a 52 week low of $23.18 and a 52 week high of $43.64. The firm has a market capitalization of $9.47 billion, a PE ratio of 18.96 and a beta of -0.46.

Luckin Coffee (OTCMKTS:LKNCY) last posted its earnings results on Monday, November 17th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations 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.