Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Up 30.1% in August

Coca-Cola HBC (OTCMKTS:CCHGY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,800 shares, a growth of 30.1% from the August 15th total of 8,300 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.8 days.

Coca-Cola HBC Price Performance

Shares of CCHGY stock opened at $48.34 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $51.79 and a 200-day simple moving average of $50.40. Coca-Cola HBC has a 1-year low of $32.75 and a 1-year high of $55.60.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCHGY. Wall Street Zen downgraded Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Finally, Zacks Research downgraded Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Coca-Cola HBC presently 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.