Short Interest in Coca-Cola HBC (OTCMKTS:CCHGY) Increases 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) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 7,800 shares, anincreaseof122.9% from the July 15th total of 3,500 shares. Based on an average daily volume of 5,200 shares, the short-interest ratio is presently 1.5 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily volume of 5,200 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

Several brokerages have weighed in on CCHGY. Wall Street Zen upgraded Coca-Cola HBC from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Coca-Cola HBC Price Performance

Shares of CCHGY stock traded down $0.01 during trading on Friday, hitting $52.67. The company had a trading volume of 2,591 shares, compared to its average volume of 3,455. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. The stock's 50-day moving average is $52.61 and its two-hundred day moving average is $48.54. Coca-Cola HBC has a 52 week low of $32.75 and a 52 week high of $55.60.

Coca-Cola HBC Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 2nd were paid a $1.1203 dividend. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change 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.

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