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

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 781 shares, a decrease of 73.6% from the May 14th total of 2,955 shares. Based on an average trading volume of 34,241 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

CCHGY has been the topic of a number of recent research reports. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola HBC presently has an average rating of “Hold”.

Coca-Cola HBC Stock Up 1.2%

Shares of Coca-Cola HBC stock traded up $0.70 on Thursday, reaching $61.00. 359 shares of the stock were exchanged, compared to its average volume of 8,166. The firm’s 50 day moving average is $57.74 and its 200-day moving average is $56.21. Coca-Cola HBC has a one year low of $44.37 and a one year high of $65.93. 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 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.