Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 36.7% in March

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 5,700 shares, a decline of 36.7% from the February 28th total of 9,000 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are sold short.

Coca-Cola HBC Stock Up 0.7 %

CCHGY traded up $0.32 on Friday, hitting $45.58. 934 shares of the company’s stock traded hands, compared to its average volume of 4,273. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Coca-Cola HBC has a one year low of $29.42 and a one year high of $45.73. The company’s 50 day simple moving average is $40.55 and its 200-day simple moving average is $37.11.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They set an “outperform” rating on the stock. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.