Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,550 shares, a drop of 68.0% from the April 15th total of 11,093 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 14,160 shares, the days-to-cover ratio is presently 0.3 days.
Coca-Cola HBC Price Performance
Shares of Coca-Cola HBC stock traded up $0.23 during midday trading on Thursday, hitting $58.49. The company’s stock had a trading volume of 6,642 shares, compared to its average volume of 6,165. The stock has a 50-day simple moving average of $58.31 and a 200-day simple moving average of $54.78. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19. Coca-Cola HBC has a 1-year low of $44.37 and a 1-year high of $65.93.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Kepler Capital Markets lowered Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Coca-Cola HBC Company Profile
Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.
The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.
Featured Stories
- Five stocks we like better than Coca-Cola HBC
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Coca-Cola HBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola HBC and related companies with MarketBeat.com's FREE daily email newsletter.
