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

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 9,000 shares, a decline of 21.7% from the February 13th total of 11,500 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They set an "outperform" rating for the company. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Performance

Shares of OTCMKTS CCHGY traded up $0.08 during trading on Thursday, hitting $44.85. The stock had a trading volume of 678 shares, compared to its average volume of 4,354. Coca-Cola HBC has a 12 month low of $29.42 and a 12 month high of $45.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The firm has a fifty day moving average of $38.96 and a two-hundred day moving average of $36.73.

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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.