Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Increases By 434.4%

Coca-Cola HBC (OTCMKTS:CCHGY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 4,174 shares, an increase of 434.4% from the May 31st total of 781 shares. Based on an average trading volume of 9,193 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Coca-Cola HBC Trading Up 3.1%

OTCMKTS CCHGY opened at $64.72 on Friday. The business’s 50-day moving average price is $58.62 and its two-hundred day moving average price is $57.20. Coca-Cola HBC has a 12 month low of $44.37 and a 12 month high of $65.93. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.