Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Grows By 120.0%

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 8,800 shares, an increase of 120.0% from the May 15th total of 4,000 shares. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company's shares are short sold.

Coca-Cola HBC Stock Down 1.7%

Shares of CCHGY stock traded down $0.93 during trading on Friday, hitting $53.28. 3,079 shares of the company were exchanged, compared to its average volume of 10,093. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The business's 50-day simple moving average is $51.18 and its 200 day simple moving average is $42.84. Coca-Cola HBC has a twelve month low of $32.75 and a twelve month high of $55.60.

Coca-Cola HBC Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Berenberg Bank upgraded shares of Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Wall Street Zen cut shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Coca-Cola HBC Company Profile

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.