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

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 781 shares, a decrease of 73.6% from the May 14th total of 2,955 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 34,241 shares, the days-to-cover ratio is presently 0.0 days.

Coca-Cola HBC Stock Performance

Shares of OTCMKTS CCHGY traded down $0.07 during trading hours on Friday, reaching $61.54. The stock had a trading volume of 2,781 shares, compared to its average volume of 10,570. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a fifty-two week low of $44.37 and a fifty-two week high of $65.93. The firm has a 50-day moving average of $57.91 and a 200-day moving average of $56.33.

Analyst Ratings Changes

Separately, Wall Street Zen cut Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

About Coca-Cola HBC

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.