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

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCHGY. Kepler Capital Markets began coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating on the stock. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Barclays upgraded Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

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

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.