Coca-Cola HBC (OTCMKTS:CCHGY) Shares Shorted: Short Interest Up 324.4% in October

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 18,657 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Coca-Cola HBC Price Performance

CCHGY stock traded up $0.14 during trading on Thursday, reaching $62.11. The company had a trading volume of 687 shares, compared to its average volume of 8,155. Coca-Cola HBC has a 52 week low of $44.85 and a 52 week high of $68.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.18. The business has a 50 day moving average of $59.70 and a 200 day moving average of $60.07.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CCHGY shares. Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Investec lowered Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Finally, BNP Paribas Exane downgraded shares of Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Coca-Cola HBC has a consensus rating of “Hold”.

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.