Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Up 300.0% in May

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,000 shares, a growth of 300.0% from the April 30th total of 1,000 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 0.6 days.

Coca-Cola HBC Trading Down 4.3%

Shares of OTCMKTS:CCHGY traded down $2.32 during midday trading on Friday, hitting $52.04. 8,362 shares of the stock traded hands, compared to its average volume of 10,804. The business's 50 day moving average is $49.63 and its two-hundred day moving average is $41.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. Coca-Cola HBC has a one year low of $32.75 and a one year high of $55.60.

Coca-Cola HBC Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.1203 per share. This represents a dividend yield of 2.07%. This is an increase from Coca-Cola HBC's previous dividend of $0.60. The ex-dividend date is Friday, May 30th.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CCHGY shares. Berenberg Bank raised shares of Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

About Coca-Cola HBC

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.