Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 33.3% in November

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decline of 33.3% from the October 31st total of 2,100 shares. Based on an average daily volume of 5,600 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

CCHGY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Citigroup raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd.

Coca-Cola HBC Stock Down 1.8 %

Shares of CCHGY stock traded down $0.65 during mid-day trading on Friday, hitting $35.39. The company’s stock had a trading volume of 400 shares, compared to its average volume of 2,128. Coca-Cola HBC has a 52-week low of $27.39 and a 52-week high of $37.58. The business has a 50-day moving average price of $35.65 and a 200 day moving average price of $35.45.

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.