Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Increases By 2,800.0%

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 8,700 shares, an increase of 2,800.0% from the November 30th total of 300 shares. Based on an average daily trading volume, of 19,200 shares, the short-interest ratio is currently 0.5 days.

Coca-Cola HBC Stock Up 4.0 %

Shares of CCHGY traded up $1.30 during mid-day trading on Thursday, hitting $34.05. 2,928 shares of the company's stock were exchanged, compared to its average volume of 3,863. The stock's 50-day simple moving average is $35.27 and its 200-day simple moving average is $35.44. Coca-Cola HBC has a 52 week low of $27.39 and a 52 week high of $37.58.

Analyst Ratings Changes

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