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

Coca-Cola HBC AG (OTCMKTS:CCHGYGet Rating) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 10,700 shares, a growth of 791.7% from the April 15th total of 1,200 shares. Based on an average daily trading volume, of 172,800 shares, the days-to-cover ratio is presently 0.1 days.

CCHGY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Coca-Cola HBC from GBX 2,900 ($35.75) to GBX 2,800 ($34.52) in a research note on Wednesday, April 20th. Morgan Stanley cut Coca-Cola HBC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 9th. Barclays boosted their target price on Coca-Cola HBC from GBX 1,800 ($22.19) to GBX 1,900 ($23.42) in a research note on Wednesday, April 27th. JPMorgan Chase & Co. cut Coca-Cola HBC from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from GBX 2,500 ($30.82) to GBX 1,900 ($23.42) in a research note on Monday, March 14th. Finally, Societe Generale upgraded Coca-Cola HBC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,335.23.

CCHGY traded up $0.06 during trading on Wednesday, hitting $19.52. 76,146 shares of the stock were exchanged, compared to its average volume of 41,289. Coca-Cola HBC has a 1-year low of $18.89 and a 1-year high of $39.23. The stock has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $29.01. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82.

About Coca-Cola HBC (Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

Further Reading

Receive News & Ratings for Coca-Cola HBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola HBC and related companies with MarketBeat.com's FREE daily email newsletter.