Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Rises By 2,800.0%

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 8,700 shares, an increase of 2,800.0% from the November 30th total of 300 shares. Based on an average trading volume of 19,200 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

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

Coca-Cola HBC Trading Up 4.0 %

OTCMKTS CCHGY traded up $1.30 during trading on Thursday, reaching $34.05. 2,928 shares of the company’s stock traded hands, compared to its average volume of 3,863. The company’s 50 day simple moving average is $35.27 and its two-hundred day simple moving average is $35.44. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58.

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.