Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Up 42.1% in March

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 8,100 shares, a growth of 42.1% from the March 15th total of 5,700 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.0% of the company's shares are sold short.

Coca-Cola HBC Stock Performance

Shares of OTCMKTS CCHGY traded up $0.90 during trading on Wednesday, reaching $50.75. The company had a trading volume of 2,570 shares, compared to its average volume of 13,132. The company's fifty day moving average price is $44.73 and its 200-day moving average price is $38.51. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 12 month low of $31.44 and a 12 month high of $51.90.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Coca-Cola HBC Company Profile

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.