Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Up 600.0% in October

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,100 shares, an increase of 600.0% from the October 15th total of 300 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

CCHGY has been the topic of a number of recent analyst reports. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Finally, Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd.

Coca-Cola HBC Price Performance

Shares of OTCMKTS CCHGY traded up $0.28 during midday trading on Tuesday, hitting $36.45. 13,565 shares of the company’s stock were exchanged, compared to its average volume of 3,754. Coca-Cola HBC has a twelve month low of $25.51 and a twelve month high of $37.58. The firm’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $35.26.

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.