Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Update

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 8,700 shares, an increase of 2,800.0% from the November 30th total of 300 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 0.5 days.

Coca-Cola HBC Price Performance

OTCMKTS:CCHGY opened at $34.36 on Friday. The company’s 50 day moving average is $35.23 and its 200-day moving average is $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

CCHGY has been the subject of several recent research reports. JPMorgan Chase & Co. raised Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Evercore ISI upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Kepler Capital Markets began coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company. Finally, Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Three equities research 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 stock. Based on data from MarketBeat.com, Coca-Cola HBC 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.