Short Interest in Coca-Cola HBC AG (OTCMKTS:CCHGY) Increases By 200.0%

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 300 shares, an increase of 200.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is currently 0.3 days.

Coca-Cola HBC Stock Performance

OTCMKTS CCHGY opened at $35.86 on Monday. Coca-Cola HBC has a 1-year low of $25.04 and a 1-year high of $37.58. The stock’s 50 day simple moving average is $36.23 and its 200-day simple moving average is $34.86.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCHGY. Barclays raised shares of Coca-Cola HBC to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup upgraded shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Finally, Evercore ISI raised Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd.

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.