Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Up 187.9% in June

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 12,015 shares, an increase of 187.9% from the June 15th total of 4,174 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,864 shares, the days-to-cover ratio is presently 1.5 days.

Coca-Cola HBC Stock Up 0.7%

CCHGY opened at $66.09 on Wednesday. The stock’s 50 day simple moving average is $60.73 and its 200-day simple moving average is $58.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19. Coca-Cola HBC has a 1 year low of $44.37 and a 1 year high of $68.71.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Coca-Cola HBC currently has a consensus rating of “Hold”.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.