Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,047 shares, an increase of 324.4% from the September 30th total of 718 shares. Based on an average daily volume of 18,657 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on CCHGY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Investec lowered shares of Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Zacks Research upgraded shares of Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Finally, Citigroup reissued 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, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
View Our Latest Stock Analysis on CCHGY
Coca-Cola HBC Price Performance
CCHGY opened at $61.97 on Wednesday. Coca-Cola HBC has a 1-year low of $44.85 and a 1-year high of $68.71. The business has a 50 day moving average of $59.68 and a 200-day moving average of $60.02.
About Coca-Cola HBC
Coca-Cola HBC AG is a Switzerland-based beverage bottler and one of the largest bottling partners of The Coca-Cola Company. The company manufactures, distributes and sells a broad portfolio of non-alcoholic beverages, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, as well as water, juices, energy drinks, sports drinks, ready-to-drink coffee and alcoholic beverages in selected markets. Its portfolio also includes brands such as Schweppes, Monster Energy, Costa Coffee and Cappy, depending on local distribution rights.
Coca-Cola HBC serves customers across 29 countries in Europe, Africa and emerging markets.
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