Coca-Cola HBC (OTCMKTS:CCHGY) Stock Short Interest Rises 463.8%

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,105 shares, an increase of 463.8% from the August 31st total of 196 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,643 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CCHGY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. Zacks Research raised Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Investec downgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Finally, BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coca-Cola HBC currently has an average rating of “Hold”.

Coca-Cola HBC Price Performance

Shares of CCHGY opened at $57.63 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19. Coca-Cola HBC has a 12 month low of $44.37 and a 12 month high of $68.71. The stock has a fifty day moving average price of $62.79 and a 200 day moving average price of $60.80.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.