Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Up 618.8% in February

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 11,500 shares, a growth of 618.8% from the January 31st total of 1,600 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is presently 1.0 days.

Coca-Cola HBC Price Performance

OTCMKTS CCHGY traded down $0.39 on Friday, hitting $42.38. 12,303 shares of the stock were exchanged, compared to its average volume of 5,121. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 52-week low of $29.42 and a 52-week high of $43.58. The stock has a fifty day moving average price of $36.30 and a two-hundred day moving average price of $35.96.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein assumed coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Kepler Capital Markets initiated coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola HBC presently has an average rating of “Moderate Buy”.

About Coca-Cola HBC

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.