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

Coca-Cola HBC AG (OTCMKTS:CCHGYGet Rating) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 4,200 shares, a decline of 60.7% from the April 30th total of 10,700 shares. Based on an average trading volume of 83,900 shares, the short-interest ratio is presently 0.1 days.

Shares of Coca-Cola HBC stock traded down $0.29 during trading hours on Friday, hitting $22.19. The company’s stock had a trading volume of 23,142 shares, compared to its average volume of 39,220. The business has a 50 day moving average price of $20.89 and a two-hundred day moving average price of $27.93. Coca-Cola HBC has a 12-month low of $18.89 and a 12-month high of $39.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 1.05.

Several analysts recently commented on the company. Morgan Stanley lowered Coca-Cola HBC from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft cut their price target on Coca-Cola HBC from GBX 2,900 ($36.49) to GBX 2,800 ($35.23) in a report on Wednesday, April 20th. Barclays boosted their price target on Coca-Cola HBC from GBX 1,800 ($22.65) to GBX 1,900 ($23.91) in a report on Wednesday, April 27th. Zacks Investment Research raised Coca-Cola HBC from a “strong sell” rating to a “hold” rating in a report on Monday, May 16th. Finally, Jefferies Financial Group raised Coca-Cola HBC from a “hold” rating to a “buy” rating in a report on Friday, May 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,335.23.

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.

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