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

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 100 shares, a decrease of 91.7% from the September 15th total of 1,200 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 0.1 days.

Coca-Cola HBC Stock Performance

Shares of CCHGY stock traded up $0.24 during mid-day trading on Thursday, hitting $35.70. 623 shares of the company's stock were exchanged, compared to its average volume of 3,921. Coca-Cola HBC has a fifty-two week low of $25.04 and a fifty-two week high of $37.58. The stock has a 50-day simple moving average of $35.93 and a two-hundred day simple moving average of $34.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.02 and a quick ratio of 0.82.

Wall Street Analyst Weigh In

CCHGY has been the subject of a number of analyst reports. Barclays raised Coca-Cola HBC to a "strong-buy" rating in a research note on Thursday, October 3rd. Citigroup raised Coca-Cola HBC to a "hold" rating in a research note on Thursday, October 3rd. Finally, Evercore ISI raised Coca-Cola HBC to a "hold" rating in a research note on Thursday, October 3rd.

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.