Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Update

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 9,000 shares, a decline of 21.7% from the February 13th total of 11,500 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

Coca-Cola HBC Stock Performance

OTCMKTS:CCHGY opened at $44.21 on Monday. Coca-Cola HBC has a 1 year low of $29.42 and a 1 year high of $45.17. The firm has a 50 day moving average of $38.33 and a 200-day moving average of $36.56. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein began coverage on Coca-Cola HBC in a 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC has a consensus rating of “Moderate Buy”.

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.