Coca-Cola HBC (OTCMKTS:CCHGY) Short Interest Up 79.9% in August

Coca-Cola HBC (OTCMKTS:CCHGY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 12,195 shares, an increase of 79.9% from the July 30th total of 6,779 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,925 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a research note on Thursday, August 6th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Coca-Cola HBC Price Performance

Shares of OTCMKTS CCHGY opened at $61.92 on Monday. 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 12 month low of $44.37 and a 12 month high of $68.71. The firm has a fifty day simple moving average of $64.69 and a two-hundred day simple moving average of $61.22.

About Coca-Cola HBC

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.