Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Update

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 400 shares, a decrease of 95.4% from the December 31st total of 8,700 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 0.1 days.

Coca-Cola HBC Price Performance

CCHGY opened at $35.08 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58. The business has a 50 day moving average of $34.53 and a 200-day moving average of $35.41.

Analyst Ratings Changes

CCHGY has been the topic of a number of recent research reports. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Barclays upgraded shares of Coca-Cola HBC to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company 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.