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

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

Analyst Ratings Changes

A number of research firms have weighed in on CCHGY. Kepler Capital Markets began coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating on the stock. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein began coverage on Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays upgraded 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Down 0.0 %

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

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.