Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Up 120.0% in May

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

Coca-Cola HBC Stock Down 0.0%

Shares of CCHGY traded down $0.01 on Monday, reaching $53.27. The stock had a trading volume of 2,807 shares, compared to its average volume of 10,026. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a 12-month low of $32.75 and a 12-month high of $55.60. The company has a 50-day simple moving average of $51.18 and a 200-day simple moving average of $42.93.

Coca-Cola HBC Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Berenberg Bank raised Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd. Wall Street Zen cut shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 9th. Three equities research 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 stock. Based on data from MarketBeat, the stock 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.