Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Grows By 122.9%

Key Points

• Short interest in Coca-Cola HBC increased by 122.9% in July, rising from 3,500 shares to 7,800 shares, resulting in a short-interest ratio of 1.5 days based on an average daily volume of 5,200 shares.
• Analysts have various ratings for Coca-Cola HBC, with a consensus rating of "Buy", and even an upgrade to "strong-buy" by Wall Street Zen.
• Coca-Cola HBC announced a dividend increase to $1.1203 per share, up from the previous $0.60, representing a significant yield of 207.0%.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,800 shares, agrowthof122.9% from the July 15th total of 3,500 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 1.5 days. Currently,0.0% of the company's shares are sold short. Currently,0.0% of the company's shares are sold short. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCHGY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Wall Street Zen lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY traded down $0.0440 during mid-day trading on Friday, hitting $52.7260. 6,200 shares of the company's stock were exchanged, compared to its average volume of 8,045. Coca-Cola HBC has a one year low of $32.75 and a one year high of $55.60. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $52.62 and a 200 day moving average price of $48.95.

Coca-Cola HBC Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 2nd were paid a dividend of $1.1203 per share. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from Coca-Cola HBC's previous dividend of $0.60. This represents a yield of 207.0%.

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.