Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a drop of 33.3% from the October 31st total of 2,100 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analyst Weigh In
CCHGY has been the topic of several research reports. Evercore ISI raised shares of Coca-Cola HBC to a "hold" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a "neutral" rating to an "overweight" rating in a report on Wednesday. Citigroup upgraded shares of Coca-Cola HBC to a "hold" rating in a research note on Thursday, October 3rd. Finally, Barclays upgraded shares of Coca-Cola HBC to a "strong-buy" rating in a research note on Thursday, October 3rd.
Read Our Latest Stock Analysis on CCHGY
Coca-Cola HBC Stock Down 1.8 %
Shares of CCHGY traded down $0.65 during mid-day trading on Friday, reaching $35.39. The company had a trading volume of 400 shares, compared to its average volume of 3,612. The stock has a 50 day moving average of $35.65 and a two-hundred day moving average of $35.44. Coca-Cola HBC has a 52-week low of $27.39 and a 52-week high of $37.58.
Coca-Cola HBC Company Profile
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Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.
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