Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Decreases By 95.4%

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 400 shares, a decline of 95.4% from the December 15th total of 8,700 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 0.1 days.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock traded down $0.33 during trading on Monday, reaching $33.17. The stock had a trading volume of 2,305 shares, compared to its average volume of 2,986. The stock has a fifty day moving average price of $34.91 and a two-hundred day moving average price of $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 equities research analysts recently commented on CCHGY shares. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola HBC 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.