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

Key Points

• Coca-Cola HBC experienced a **57.4% drop** in short interest in September, with total short interest falling to **4,600 shares** as of September 15th.
• Analyst ratings for Coca-Cola HBC are mixed, with **one Strong Buy**, **four Buy**, and **two Hold** ratings, resulting in a consensus rating of "**Moderate Buy**".
• The stock price of Coca-Cola HBC decreased by **1.2%**, trading at **$44.64**, with a 1-year high of **$55.60** and a low of **$32.75**.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 4,600 shares, a drop of 57.4% from the August 31st total of 10,800 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

CCHGY has been the topic of several recent research reports. Morgan Stanley initiated coverage on shares of Coca-Cola HBC in a research report on Thursday. They set an "overweight" rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola HBC in a research report on Friday, August 8th. Zacks Research downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Down 1.2%

Shares of Coca-Cola HBC stock traded down $0.53 during trading on Friday, reaching $44.64. 498 shares of the company traded hands, compared to its average volume of 8,010. Coca-Cola HBC has a 1-year low of $32.75 and a 1-year high of $55.60. The company has a 50 day moving average price of $50.60 and a 200-day moving average price of $50.63.

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.

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