Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Large Increase in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,600 shares, a growth of 700.0% from the March 31st total of 200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.8 days.

Coca-Cola HBC Stock Performance

Shares of CCHGY traded down $0.11 during mid-day trading on Thursday, hitting $31.44. 213 shares of the company’s stock were exchanged, compared to its average volume of 3,153. The stock’s 50-day moving average is $31.10 and its 200-day moving average is $29.09. Coca-Cola HBC has a fifty-two week low of $25.04 and a fifty-two week high of $32.78. The company has a quick ratio of 0.82, a current ratio of 1.02 and a debt-to-equity ratio of 0.78.

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.