Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Increases By 79.9%

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 12,195 shares, an increase of 79.9% from the July 30th total of 6,779 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 8,925 shares, the short-interest ratio is currently 1.4 days.

Coca-Cola HBC Price Performance

CCHGY remained flat at $61.92 during trading hours on Friday. The company had a trading volume of 5,257 shares, compared to its average volume of 7,112. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company’s 50 day simple moving average is $64.69 and its 200-day simple moving average is $61.20. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $68.71.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Thursday, August 6th. BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola HBC presently has an average rating of “Hold”.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.