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

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 9,000 shares, a decrease of 21.7% from the February 13th total of 11,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

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

Coca-Cola HBC Stock Performance

Shares of CCHGY opened at $44.80 on Tuesday. Coca-Cola HBC has a 12-month low of $29.42 and a 12-month high of $45.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. The business’s 50 day moving average is $38.54 and its 200 day moving average is $36.62.

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.