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

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,700 shares, a decline of 36.7% from the February 28th total of 9,000 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are sold short.

Coca-Cola HBC Price Performance

Coca-Cola HBC stock opened at $45.58 on Friday. The firm has a fifty day simple moving average of $40.55 and a two-hundred day simple moving average of $37.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91. Coca-Cola HBC has a twelve month low of $29.42 and a twelve month high of $45.73.

Analysts Set New Price Targets

CCHGY has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Kepler Capital Markets began coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.