Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Decreases By 68.0%

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 3,550 shares, a drop of 68.0% from the April 15th total of 11,093 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,160 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola HBC presently has a consensus rating of “Hold”.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY remained flat at $58.49 during mid-day trading on Friday. 6,642 shares of the company traded hands, compared to its average volume of 6,165. The firm’s 50-day moving average is $58.31 and its 200-day moving average is $54.78. Coca-Cola HBC has a 12 month low of $44.37 and a 12 month high of $65.93. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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.