Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Increases By 618.8%

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,500 shares, an increase of 618.8% from the January 31st total of 1,600 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

CCHGY has been the subject of a number of recent analyst reports. Kepler Capital Markets initiated coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

OTCMKTS CCHGY traded down $0.15 on Friday, reaching $42.77. The company had a trading volume of 3,034 shares, compared to its average volume of 4,932. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 1 year low of $29.42 and a 1 year high of $43.58. The firm has a 50-day moving average of $36.13 and a 200-day moving average of $35.91.

About Coca-Cola HBC

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.