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

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 781 shares, a decline of 73.6% from the May 14th total of 2,955 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 34,241 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Coca-Cola HBC currently has an average rating of “Hold”.

Coca-Cola HBC Stock Up 1.2%

Shares of OTCMKTS CCHGY traded up $0.70 during trading hours on Thursday, reaching $61.00. 359 shares of the stock were exchanged, compared to its average volume of 8,166. The stock’s fifty day simple moving average is $57.74 and its 200 day simple moving average is $56.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a 52 week low of $44.37 and a 52 week high of $65.93.

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.