Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Drops By 45.7%

Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 4,400 shares, a drop of 45.7% from the March 31st total of 8,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 73,600 shares, the short-interest ratio is currently 0.1 days.

Coca-Cola HBC Stock Up 1.5 %

Shares of OTCMKTS:CCHGY traded up $0.77 during midday trading on Friday, reaching $51.31. The company's stock had a trading volume of 1,314 shares, compared to its average volume of 12,078. The business's fifty day simple moving average is $46.26 and its 200-day simple moving average is $39.36. 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 fifty-two week low of $32.18 and a fifty-two week high of $52.15.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola HBC currently 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.