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

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

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Performance

CCHGY stock traded down $1.41 during midday trading on Thursday, reaching $50.54. 2,121 shares of the company's stock traded hands, compared to its average volume of 12,210. Coca-Cola HBC has a 52 week low of $32.18 and a 52 week high of $52.15. The company has a 50-day moving average price of $46.08 and a two-hundred day moving average price of $39.22. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02.

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.