Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Up 23.1% in January

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,600 shares, an increase of 23.1% from the January 15th total of 1,300 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 0.2 days.

Coca-Cola HBC Price Performance

Shares of Coca-Cola HBC stock traded down $0.19 during midday trading on Friday, hitting $40.05. The company had a trading volume of 2,631 shares, compared to its average volume of 4,162. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The company has a fifty day simple moving average of $34.86 and a 200 day simple moving average of $35.48. Coca-Cola HBC has a 12-month low of $29.42 and a 12-month high of $40.39.

Analyst Upgrades and Downgrades

Several research firms have commented on CCHGY. Sanford C. Bernstein began coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Finally, Kepler Capital Markets began coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating for the company. Three equities research 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 stock. According to data from MarketBeat.com, Coca-Cola HBC 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.