Coca-Cola HBC (OTCMKTS:CCHGY) Stock Short Interest Rises 463.8%

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,105 shares, an increase of 463.8% from the August 31st total of 196 shares. Based on an average daily trading volume, of 10,643 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock opened at $57.63 on Friday. The business’s fifty day moving average price is $62.79 and its 200 day moving average price is $60.80. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $68.71. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Investec cut shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Finally, Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Coca-Cola HBC

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.