Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Update

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of 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 daily trading volume, of 7,864 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the company’s shares are short sold.

Coca-Cola HBC Price Performance

CCHGY traded down $0.54 on Monday, hitting $65.67. The company had a trading volume of 961 shares, compared to its average volume of 7,752. 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 52-week low of $44.37 and a 52-week high of $68.71. The stock has a fifty day simple moving average of $60.42 and a 200-day simple moving average of $58.42.

Wall Street Analysts Forecast Growth

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

About Coca-Cola HBC

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.