Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Drops By 78.6%

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 300 shares, a drop of 78.6% from the November 15th total of 1,400 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 0.2 days.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded down $0.04 on Wednesday, hitting $35.08. The company had a trading volume of 3,186 shares, compared to its average volume of 3,549. Coca-Cola HBC has a 52 week low of $27.39 and a 52 week high of $37.58. The firm has a 50 day moving average of $35.64 and a two-hundred day moving average of $35.47.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CCHGY shares. Evercore ISI raised Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating for the company. Finally, Barclays raised 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.