Coca-Cola HBC (OTCMKTS:CCHGY) Sees Significant Decrease in Short Interest

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 718 shares, a decline of 35.0% from the September 15th total of 1,105 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 24,864 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Investec downgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Coca-Cola HBC Price Performance

Coca-Cola HBC stock traded down $0.06 during midday trading on Friday, hitting $58.68. 3,646 shares of the company were exchanged, compared to its average volume of 15,423. The company’s fifty day moving average price is $59.86 and its 200-day moving average price is $60.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.18 and a current ratio of 1.37. Coca-Cola HBC has a fifty-two week low of $44.85 and a fifty-two week high of $68.71.

About Coca-Cola HBC

Coca-Cola HBC plc is a consumer packaged goods company and one of the largest bottlers of The Coca-Cola Company products. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under brands including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, along with a range of other branded and licensed products.

The company’s portfolio also includes water, juice, energy drinks, sports drinks, coffee and ready-to-drink alcoholic and non-alcoholic beverages.