Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Down 41.6% in July

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,011 shares, a drop of 41.6% from the June 30th total of 12,015 shares. Based on an average trading volume of 11,617 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Coca-Cola HBC Stock Down 0.9%

Shares of OTCMKTS CCHGY opened at $67.53 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The company’s fifty day simple moving average is $63.01 and its 200 day simple moving average is $59.92. Coca-Cola HBC has a 12-month low of $44.37 and a 12-month high of $68.71.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCHGY. Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.