Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Large Increase in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGYGet Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,600 shares, an increase of 23.1% from the January 15th total of 1,300 shares. Based on an average daily volume of 8,300 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCHGY. Kepler Capital Markets began coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating for the company. Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Three investment 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 MarketBeat, Coca-Cola HBC presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on CCHGY

Coca-Cola HBC Trading Up 8.1 %

Shares of OTCMKTS CCHGY traded up $3.00 during midday trading on Friday, hitting $40.24. 3,329 shares of the stock traded hands, compared to its average volume of 4,162. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. Coca-Cola HBC has a one year low of $29.42 and a one year high of $40.24. The firm has a 50-day moving average of $34.70 and a two-hundred day moving average of $35.44.

About Coca-Cola HBC

(Get Free Report)

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.

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