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

by · The Cerbat Gem

Coca-Cola HBC AG (OTCMKTS:CCHGY – Get Free Report) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 300 shares, a decline of 78.6% from the November 15th total of 1,400 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 0.2 days.

Coca-Cola HBC Stock Down 0.1 %

CCHGY stock traded down $0.04 during trading hours on Wednesday, hitting $35.08. 3,186 shares of the stock were exchanged, compared to its average volume of 3,549. The company has a 50-day simple moving average of $35.64 and a two-hundred day simple moving average of $35.47. Coca-Cola HBC has a 12 month low of $27.39 and a 12 month high of $37.58.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCHGY shares. Kepler Capital Markets began coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating for the company. Barclays upgraded Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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Coca-Cola HBC Company Profile

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Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.

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