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

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,300 shares, an increase of 225.0% from the December 31st total of 400 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CCHGY shares. JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. Evercore ISI raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Kepler Capital Markets initiated coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Finally, Citigroup raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded down $0.16 during midday trading on Thursday, reaching $34.65. The company had a trading volume of 2,963 shares, compared to its average volume of 3,743. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $34.54 and its 200-day simple moving average is $35.40.

Coca-Cola HBC Company Profile

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.