In January 2020, short-seller Muddy Waters tweeted that it was short Luckin Coffee after receiving an 89-page anonymous report that accused it of fraud. In February, short-sellers Ash Illuminations and J-Capital joined the fray. In April, Luckin announced that an internal investigation had found that approximately half its sales had been fabricated between 2Q19 and 4Q19. The stock collapsed 79%. It was delisted from the NASDAQ in June.
Last updated September 2021
The information on this page has been compiled from publicly available sources. GMT Research Limited has not verified the information and does not warrant its accuracy. Any claims made or views expressed are not necessarily those of GMT Research Limited.lock03 Read More