Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Large Drop in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,700 shares, a drop of 36.7% from the February 28th total of 9,000 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s shares are sold short.

Coca-Cola HBC Trading Up 0.7 %

CCHGY opened at $45.58 on Friday. The business has a 50 day moving average of $40.55 and a 200-day moving average of $37.11. Coca-Cola HBC has a 52 week low of $29.42 and a 52 week high of $45.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

CCHGY has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Kepler Capital Markets began coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Three 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 stock. According to data from MarketBeat.com, Coca-Cola HBC presently has a consensus rating of “Moderate Buy”.

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.