Coca-Cola HBC (OTCMKTS:CCHGY) Sees Large Growth in Short Interest

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 12,015 shares, a growth of 187.9% from the June 15th total of 4,174 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,864 shares, the short-interest ratio is currently 1.5 days.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded down $0.54 during mid-day trading on Monday, reaching $65.67. The stock had a trading volume of 961 shares, compared to its average volume of 7,752. The firm has a 50 day moving average price of $60.42 and a two-hundred day moving average price of $58.42. Coca-Cola HBC has a one year low of $44.37 and a one year high of $68.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCHGY shares. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average 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.