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

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 10,800 shares, an increase of 30.1% from the August 15th total of 8,300 shares. Based on an average daily volume of 14,100 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,100 shares, the short-interest ratio is currently 0.8 days.

Coca-Cola HBC Trading Down 2.0%

CCHGY opened at $49.18 on Wednesday. Coca-Cola HBC has a twelve month low of $32.75 and a twelve month high of $55.60. The company has a 50-day simple moving average of $51.98 and a 200 day simple moving average of $50.37. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Zacks Research downgraded shares of Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average 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.