Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Significant Growth in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,500 shares, an increase of 618.8% from the January 31st total of 1,600 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is presently 1.0 days.

Coca-Cola HBC Trading Up 1.3 %

Shares of CCHGY stock traded up $0.54 on Thursday, reaching $42.91. 1,608 shares of the company were exchanged, compared to its average volume of 4,984. The business has a 50-day moving average price of $35.95 and a 200 day moving average price of $35.86. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 1 year low of $29.42 and a 1 year high of $43.58.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.