Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Down 68.0% in April

Coca-Cola HBC (OTCMKTS:CCHGY) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 3,550 shares, a drop of 68.0% from the April 15th total of 11,093 shares. Based on an average daily trading volume, of 14,160 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Coca-Cola HBC Trading Down 6.1%

OTCMKTS CCHGY traded down $3.59 during midday trading on Friday, hitting $54.90. The company had a trading volume of 7,459 shares, compared to its average volume of 6,170. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The firm has a 50-day moving average price of $58.18 and a 200-day moving average price of $54.78. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $65.93.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Kepler Capital Markets cut Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Coca-Cola HBC Company Profile

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.