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

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

Coca-Cola HBC Price Performance

Shares of CCHGY traded up $1.30 during trading hours on Thursday, reaching $34.05. 2,928 shares of the company traded hands, compared to its average volume of 3,863. The business has a fifty day moving average price of $35.27 and a 200-day moving average price of $35.44. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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. Barclays upgraded Coca-Cola HBC to a “strong-buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Evercore ISI raised Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Finally, Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Three equities 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.com, the stock has an average 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.