Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Declines By 41.6%

Coca-Cola HBC (OTCMKTS:CCHGY) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 7,011 shares, a drop of 41.6% from the June 30th total of 12,015 shares. Based on an average daily volume of 11,617 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Coca-Cola HBC Trading Up 1.5%

Shares of OTCMKTS CCHGY opened at $68.11 on Friday. The company has a 50 day simple moving average of $62.81 and a 200 day simple moving average of $59.87. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a 1 year low of $44.37 and a 1 year high of $68.71.

Wall Street Analyst Weigh In

Several brokerages have commented on CCHGY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Coca-Cola HBC

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.