Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Drops By 95.4%

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 400 shares, a decline of 95.4% from the December 31st total of 8,700 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is currently 0.1 days.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded up $0.01 during trading hours on Tuesday, hitting $34.97. 2,589 shares of the company’s stock traded hands, compared to its average volume of 2,371. Coca-Cola HBC has a twelve month low of $27.39 and a twelve month high of $37.58. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock’s fifty day moving average price is $34.53 and its two-hundred day moving average price is $35.41.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein started coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Kepler Capital Markets started coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Finally, Evercore ISI raised Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.