Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Large Increase in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 300 shares, a growth of 200.0% from the September 30th total of 100 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 0.3 days.

Coca-Cola HBC Price Performance

CCHGY stock traded down $0.14 on Friday, reaching $35.86. The company had a trading volume of 419 shares, compared to its average volume of 3,816. Coca-Cola HBC has a 1 year low of $25.04 and a 1 year high of $37.58. The company’s fifty day moving average is $36.23 and its 200 day moving average is $34.82.

Analyst Ratings Changes

Several equities research analysts have recently commented on CCHGY shares. Citigroup raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Evercore ISI 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 note on Thursday, October 3rd.

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.