Coca-Cola HBC (OTCMKTS:CCHGY) Sees Significant Decrease in Short Interest

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 196 shares, a decline of 98.4% from the August 15th total of 12,195 shares. Based on an average trading volume of 15,230 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities analysts have issued reports on CCHGY shares. Investec lowered Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a report on Thursday, August 6th. Zacks Research raised Coca-Cola HBC to a “hold” rating in a research report on Tuesday. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Finally, BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded up $0.23 during trading hours on Thursday, reaching $60.48. 6,216 shares of the company’s stock were exchanged, compared to its average volume of 7,452. The company has a 50-day moving average of $64.32 and a 200 day moving average of $61.07. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Coca-Cola HBC has a 1-year low of $44.37 and a 1-year high of $68.71.

About Coca-Cola HBC

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.