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

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

Analysts Set New Price Targets

CCHGY has been the topic of several recent research reports. Kepler Capital Markets initiated coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating on the stock. Barclays upgraded Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein began coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Finally, Citigroup raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. 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 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 down $0.16 during trading on Thursday, hitting $34.65. 2,963 shares of the company were exchanged, compared to its average volume of 3,743. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a fifty-two week low of $27.39 and a fifty-two week high of $37.58. The firm has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $35.40.

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.