Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 33.3% in November

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decrease of 33.3% from the October 31st total of 2,100 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.3 days.

Coca-Cola HBC Price Performance

OTCMKTS CCHGY traded up $0.72 during trading on Friday, hitting $36.04. 534 shares of the company’s stock traded hands, compared to its average volume of 2,183. The business has a 50 day moving average of $35.67 and a 200-day moving average of $35.43. Coca-Cola HBC has a 12-month low of $27.39 and a 12-month high of $37.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded shares of Coca-Cola HBC to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd.

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.