Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 33.3% in November

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decline of 33.3% from the October 31st total of 2,100 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.3 days.

Coca-Cola HBC Stock Down 1.8 %

CCHGY opened at $35.39 on Friday. Coca-Cola HBC has a twelve month low of $27.39 and a twelve month high of $37.58. The company has a fifty day simple moving average of $35.65 and a 200 day simple moving average of $35.44.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCHGY. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday.

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.