a well-known short-seller that focuses on Chinese stocks, said Friday that it had received an unattributed 89-page report alleging that Luckin is committing fraud by inflating the number of items sold per day, according to more than 11,000 hours of store traffic video. Luckin Coffee will comment on Monday(2/3/2020) Luckin shares were already down last weeks due to fears about the coronavirus, which has forced the company to close stores. It was also declared a global health emergency by the World Health Organization, indicating that the disease will probably get worse before the situation and market sentiment improves. The short-seller report only adds to the volatility surrounding the breakout growth stock.
