Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 95.4% in December

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 400 shares, a decline of 95.4% from the December 15th total of 8,700 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CCHGY shares. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating on the stock. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Barclays upgraded shares of Coca-Cola HBC to a “strong-buy” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded up $0.15 during mid-day trading on Wednesday, reaching $33.23. The company’s stock had a trading volume of 4,877 shares, compared to its average volume of 3,086. The firm’s fifty day moving average price is $34.81 and its two-hundred day moving average price is $35.42. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58.

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.