Coca-Cola HBC (OTCMKTS:CCHGY) Sees Significant Increase in Short Interest

Key Points

• Coca-Cola HBC experienced a significant increase in short interest, rising by 30.1% during August, totaling 10,800 shares by the end of the month.
• The company's shares are currently trading at $49.18, down by 2.0%, with a twelve-month high of $55.60 and a low of $32.75.
• Analysts have downgraded Coca-Cola HBC from a "strong-buy" to a "buy" and "hold" ratings, leading to an overall average rating of "Moderate Buy" from eight analysts.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 10,800 shares, an increase of 30.1% from the August 15th total of 8,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 14,100 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 14,100 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Coca-Cola HBC Price Performance

Shares of OTCMKTS CCHGY traded up $0.77 during trading hours on Friday, hitting $49.11. The company's stock had a trading volume of 3,904 shares, compared to its average volume of 6,423. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. Coca-Cola HBC has a 12 month low of $32.75 and a 12 month high of $55.60. The business has a 50-day simple moving average of $51.71 and a 200-day simple moving average of $50.44.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCHGY. Wall Street Zen downgraded Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola HBC in a research report on Friday, August 8th. Finally, Zacks Research downgraded Coca-Cola HBC from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Coca-Cola HBC 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.