Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 36.7% in March

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,700 shares, a decline of 36.7% from the February 28th total of 9,000 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several analysts have commented on the company. Kepler Capital Markets started coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating on the stock. Sanford C. Bernstein began coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 0.7 %

CCHGY stock traded up $0.32 on Friday, hitting $45.58. The company had a trading volume of 934 shares, compared to its average volume of 4,273. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 12-month low of $29.42 and a 12-month high of $45.73. The stock’s 50-day simple moving average is $40.55 and its 200 day simple moving average is $37.11.

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.