Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,047 shares, an increase of 324.4% from the September 30th total of 718 shares. Based on an average daily volume of 18,657 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
CCHGY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. Investec downgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Finally, Zacks Research raised Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coca-Cola HBC presently has an average rating of “Hold”.
View Our Latest Stock Report on Coca-Cola HBC
Coca-Cola HBC Trading Up 1.7%
CCHGY opened at $61.97 on Wednesday. Coca-Cola HBC has a fifty-two week low of $44.85 and a fifty-two week high of $68.71. The firm’s fifty day moving average price is $59.68 and its two-hundred day moving average price is $60.02.
Coca-Cola HBC Company Profile
Coca-Cola HBC AG is a Switzerland-based beverage bottler and one of the largest bottling partners of The Coca-Cola Company. The company manufactures, distributes and sells a broad portfolio of non-alcoholic beverages, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, as well as water, juices, energy drinks, sports drinks, ready-to-drink coffee and alcoholic beverages in selected markets. Its portfolio also includes brands such as Schweppes, Monster Energy, Costa Coffee and Cappy, depending on local distribution rights.
Coca-Cola HBC serves customers across 29 countries in Europe, Africa and emerging markets.
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