Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Large Decrease in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 400 shares, a decrease of 95.4% from the December 15th total of 8,700 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.1 days.

Coca-Cola HBC Stock Down 1.0 %

Shares of OTCMKTS:CCHGY traded down $0.33 during trading on Tuesday, hitting $33.17. 2,305 shares of the company were exchanged, compared to its average volume of 2,986. The business’s 50 day moving average is $34.86 and its 200-day moving average is $35.43. Coca-Cola HBC has a 1-year low of $27.39 and a 1-year high of $37.58.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCHGY. Sanford C. Bernstein began coverage on Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating for the company. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays upgraded Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Company Profile

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.