Luckin Coffee, a Chinese chain often labeled a threat to Starbucks’ market share in the region, could be in hot water after short seller Muddy Waters received an 89-page, anonymous report alleging several instances of fraud. The report can't be used as support to short Luckin Coffee, and investors should wait until Q4 results to make further decisions. 2019-11-13 marketwatch.com - Shares of Luckin Coffee Inc. LK, +1.17% shot up 7.6% in premarket trading Wednesday, after the China-based coffee seller reported wider third-quarter loss but revenue that rose above expectations. PDF | On Jan 1, 2020, Menghao Wang published Research on Financial Analysis of Luckin Coffee | Find, read and cite all the research you need on ResearchGate On February 12, 2020, however, J Capital Research (“J Capital”), a China-focused investment research firm, published a more detailed report supporting the findings in the Muddy Waters Report and specifically rebutting Citron’s statements in support of Luckin (the “J Capital Report”). Luckin Coffee stock crashed after short seller Muddy Waters disclosed a short position in the China-based coffee chain, citing a report alleging fraud. Waters Report would “fall short on accuracy.” 7. View as % YoY growth or as % of revenue. Get the detailed income statement for Luckin Coffee Inc. (LK). Quarterly or annual. Luckin Coffee's stock shoots up after revenue rises above expectations. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Luckin Coffee Inc. (LK) using our online tools. Up to 10 years of financial statements.