Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 4,024,673 shares, an increase of 40.0% from the February 26th total of 2,873,847 shares. Based on an average daily trading volume, of 3,475,382 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.5% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Luckin Coffee from a “hold” rating to a “strong sell” rating in a research report 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.
Read Our Latest Stock Analysis on LKNCY
Luckin Coffee Price Performance
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.
Further Reading
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