Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Expands By 79.9%

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 12,195 shares, an increase of 79.9% from the July 30th total of 6,779 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 8,925 shares, the short-interest ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CCHGY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Thursday, August 6th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Finally, BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, three 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 Price Performance

OTCMKTS CCHGY opened at $61.55 on Tuesday. Coca-Cola HBC has a fifty-two week low of $44.37 and a fifty-two week high of $68.71. The business has a fifty day moving average price of $64.71 and a two-hundred day moving average price of $61.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19.

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.