Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 718 shares, a decrease of 35.0% from the September 15th total of 1,105 shares. Based on an average daily volume of 24,864 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.
Coca-Cola HBC Price Performance
Shares of OTCMKTS:CCHGY opened at $58.74 on Friday. The business has a 50-day moving average of $60.02 and a two-hundred day moving average of $60.63. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.18 and a current ratio of 1.37. Coca-Cola HBC has a 12 month low of $44.85 and a 12 month high of $68.71.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Investec downgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Two 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, the company presently has an average rating of “Hold”.
View Our Latest Report on Coca-Cola HBC
About Coca-Cola HBC
Coca-Cola HBC plc is a consumer packaged goods company and one of the largest bottlers of The Coca-Cola Company products. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under brands including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, along with a range of other branded and licensed products.
The company’s portfolio also includes water, juice, energy drinks, sports drinks, coffee and ready-to-drink alcoholic and non-alcoholic beverages.
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