Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) saw a large increase in short interest during 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. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 18,657 shares, the days-to-cover ratio is currently 0.2 days.
Analyst Ratings Changes
CCHGY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Investec downgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Finally, Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Coca-Cola HBC presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on CCHGY
Coca-Cola HBC Stock Performance
OTCMKTS CCHGY opened at $62.12 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s 50-day moving average is $59.74 and its 200-day moving average is $60.12. Coca-Cola HBC has a one year low of $44.85 and a one year high of $68.71.
About Coca-Cola HBC
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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