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

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,300 shares, a growth of 225.0% from the December 31st total of 400 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 0.2 days.

Coca-Cola HBC Trading Up 0.4 %

Shares of OTCMKTS:CCHGY traded up $0.15 during mid-day trading on Monday, hitting $34.80. 5,002 shares of the company traded hands, compared to its average volume of 3,553. The firm's 50 day simple moving average is $34.54 and its 200 day simple moving average is $35.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. Coca-Cola HBC has a 52-week low of $27.39 and a 52-week high of $37.58.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCHGY. Kepler Capital Markets began coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an "outperform" rating on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola HBC has a consensus rating of "Moderate Buy".

About Coca-Cola HBC

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.