Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Up 79.9% in August

Coca-Cola HBC (OTCMKTS:CCHGYGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 12,195 shares, a growth of 79.9% from the July 30th total of 6,779 shares. Based on an average daily volume of 8,925 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the shares of the stock are sold short.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock remained flat at $61.92 during trading hours on Friday. The stock had a trading volume of 5,257 shares, compared to its average volume of 7,112. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. Coca-Cola HBC has a 1 year low of $44.37 and a 1 year high of $68.71. The stock’s 50-day moving average is $64.69 and its two-hundred day moving average is $61.20.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Thursday, August 6th. BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Analysis on CCHGY

Coca-Cola HBC Company Profile

(Get Free Report)

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.

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