Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 718 shares, a decline of 35.0% from the September 15th total of 1,105 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 24,864 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. Investec cut shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Finally, BNP Paribas Exane downgraded 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, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Coca-Cola HBC presently has an average rating of “Hold”.
Check Out Our Latest Analysis on Coca-Cola HBC
Coca-Cola HBC Stock Up 2.3%
OTCMKTS CCHGY opened at $58.74 on Friday. The business’s 50-day moving average price is $60.02 and its 200 day moving average price is $60.63. Coca-Cola HBC has a twelve month low of $44.85 and a twelve month high of $68.71. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 1.07.
Coca-Cola HBC Company Profile
Coca-Cola HBC plc is a consumer packaged goods company and one of the largest bottlers of The Coca-Cola Company products. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under brands including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, along with a range of other branded and licensed products.
The company’s portfolio also includes water, juice, energy drinks, sports drinks, coffee and ready-to-drink alcoholic and non-alcoholic beverages.
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