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

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a significant 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 short-interest ratio is currently 0.1 days.

Coca-Cola HBC Price Performance

Shares of OTCMKTS CCHGY opened at $35.08 on Wednesday. Coca-Cola HBC has a fifty-two week low of $27.39 and a fifty-two week 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 business has a fifty day moving average price of $34.53 and a two-hundred day moving average price of $35.41.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CCHGY shares. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating on the stock. Finally, Evercore ISI raised shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola HBC 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.