Coca-Cola HBC (OTCMKTS:CCHGY) Sees Significant Growth in Short Interest

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 1,105 shares, an increase of 463.8% from the August 31st total of 196 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,643 shares, the short-interest ratio is presently 0.1 days.

Coca-Cola HBC Stock Up 1.0%

OTCMKTS CCHGY traded up $0.56 during trading hours on Friday, hitting $58.19. 4,665 shares of the company’s stock traded hands, compared to its average volume of 10,051. Coca-Cola HBC has a 52 week low of $44.37 and a 52 week high of $68.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19. The business’s fifty day moving average price is $62.63 and its two-hundred day moving average price is $60.79.

Wall Street Analysts Forecast Growth

CCHGY has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Investec downgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Coca-Cola HBC presently has a consensus rating of “Hold”.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.