Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Drops By 95.4%

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

Coca-Cola HBC Stock Performance

OTCMKTS:CCHGY traded up $0.01 during midday trading on Tuesday, reaching $34.97. 2,589 shares of the company traded hands, compared to its average volume of 2,371. Coca-Cola HBC has a twelve month low of $27.39 and a twelve month high of $37.58. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $34.53 and a 200 day moving average price of $35.41.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating on the stock. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Barclays upgraded Coca-Cola HBC to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Citigroup upgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Three equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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Coca-Cola HBC Company Profile

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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.

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