Coca-Cola HBC AG (OTCMKTS:CCHGY) Sees Significant Decline in Short Interest

Coca-Cola HBC AG (OTCMKTS:CCHGY) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decrease of 33.3% from the October 31st total of 2,100 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

CCHGY has been the subject of several recent analyst reports. Citigroup raised shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Evercore ISI raised Coca-Cola HBC to a “hold” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock opened at $35.39 on Friday. The business has a fifty day simple moving average of $35.65 and a 200-day simple moving average of $35.44. Coca-Cola HBC has a fifty-two week low of $27.39 and a fifty-two week high of $37.58.

Coca-Cola HBC Company Profile

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.