Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Update

Coca-Cola HBC (OTCMKTS:CCHGY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,174 shares, a growth of 434.4% from the May 31st total of 781 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 9,193 shares, the short-interest ratio is presently 0.5 days.

Coca-Cola HBC Stock Performance

Coca-Cola HBC stock opened at $64.72 on Friday. 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 one year low of $44.37 and a one year high of $65.93. The business has a 50 day simple moving average of $58.62 and a 200 day simple moving average of $57.20.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.