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

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

Coca-Cola HBC Stock Performance

OTCMKTS CCHGY traded down $0.33 on Monday, reaching $33.17. The company’s stock had a trading volume of 2,305 shares, compared to its average volume of 2,986. Coca-Cola HBC has a 52 week low of $27.39 and a 52 week high of $37.58. The business has a 50-day moving average price of $34.91 and a 200 day moving average price of $35.44.

Wall Street Analysts Forecast Growth

CCHGY has been the subject of a number of research analyst reports. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup raised Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. 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. Finally, Evercore ISI raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola HBC presently has an average rating of “Moderate Buy”.

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.