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

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 781 shares, a decrease of 73.6% from the May 14th total of 2,955 shares. Based on an average trading volume of 34,241 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Coca-Cola HBC presently has a consensus rating of “Hold”.

Coca-Cola HBC Stock Performance

Shares of CCHGY traded up $0.03 during midday trading on Friday, reaching $61.64. 1,966 shares of the stock were exchanged, compared to its average volume of 8,130. The business’s 50-day moving average price is $57.82 and its 200 day moving average price is $56.30. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a twelve month low of $44.37 and a twelve month high of $65.93.

Coca-Cola HBC Company Profile

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.