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

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 300 shares, a drop of 78.6% from the November 15th total of 1,400 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 0.2 days.

Coca-Cola HBC Trading Down 0.0 %

Shares of Coca-Cola HBC stock traded down $0.01 during trading on Friday, hitting $35.25. The stock had a trading volume of 1,640 shares, compared to its average volume of 4,984. The business’s 50-day moving average is $35.62 and its 200 day moving average is $35.47. Coca-Cola HBC has a 12 month low of $27.39 and a 12 month high of $37.58.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CCHGY shares. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.