Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 36.7% in March

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,700 shares, a drop of 36.7% from the February 28th total of 9,000 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

CCHGY has been the subject of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating for the company. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating on the stock. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

CCHGY traded up $0.32 during trading on Monday, hitting $45.58. 934 shares of the company’s stock were exchanged, compared to its average volume of 4,273. The business’s 50 day moving average is $40.55 and its two-hundred day moving average is $37.11. Coca-Cola HBC has a fifty-two week low of $29.42 and a fifty-two week high of $45.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14.

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.