Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Decreases By 98.4%

Coca-Cola HBC (OTCMKTS:CCHGY) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 196 shares, a decline of 98.4% from the August 15th total of 12,195 shares. Based on an average trading volume of 15,230 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have commented on CCHGY shares. Investec cut shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a report on Thursday, August 6th. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Coca-Cola HBC presently has a consensus rating of “Hold”.

Coca-Cola HBC Stock Up 0.4%

CCHGY traded up $0.23 on Thursday, reaching $60.48. The company’s stock had a trading volume of 6,216 shares, compared to its average volume of 7,452. Coca-Cola HBC has a fifty-two week low of $44.37 and a fifty-two week 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. The stock has a 50 day moving average of $64.32 and a two-hundred day moving average of $61.07.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.