Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Large Decrease in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decrease of 33.3% from the October 31st total of 2,100 shares. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI raised Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday.

Coca-Cola HBC Trading Down 1.8 %

OTCMKTS CCHGY traded down $0.65 during trading hours on Friday, hitting $35.39. 400 shares of the company were exchanged, compared to its average volume of 2,128. Coca-Cola HBC has a 52 week low of $27.39 and a 52 week high of $37.58. The stock has a 50-day moving average price of $35.65 and a 200 day moving average price of $35.45.

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.