Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Declines By 21.7%

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 9,000 shares, a decline of 21.7% from the February 13th total of 11,500 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Coca-Cola HBC Trading Up 1.3 %

Shares of Coca-Cola HBC stock opened at $44.80 on Tuesday. The firm’s 50-day moving average is $38.54 and its 200 day moving average is $36.62. Coca-Cola HBC has a 1 year low of $29.42 and a 1 year high of $45.17. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02.

About Coca-Cola HBC

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.