Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Update

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,000 shares, a drop of 21.7% from the February 13th total of 11,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Several equities analysts have commented on CCHGY shares. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein began coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating for the company. Finally, Kepler Capital Markets began coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

OTCMKTS CCHGY opened at $45.13 on Wednesday. The business has a 50 day simple moving average of $38.75 and a 200 day simple moving average of $36.67. Coca-Cola HBC has a one year low of $29.42 and a one year high of $45.17. 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 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.