Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Expands By 187.9%

Coca-Cola HBC (OTCMKTS:CCHGY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 12,015 shares, an increase of 187.9% from the June 15th total of 4,174 shares. Based on an average trading volume of 7,864 shares, the short-interest ratio is currently 1.5 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CCHGY shares. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Coca-Cola HBC Stock Down 0.9%

OTCMKTS:CCHGY opened at $65.64 on Tuesday. Coca-Cola HBC has a one year low of $44.37 and a one year high of $68.71. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm’s 50 day simple moving average is $60.57 and its 200 day simple moving average is $58.51.

Coca-Cola HBC Company Profile

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.