Coca-Cola HBC (OTCMKTS:CCHGY) Shares Shorted: Short Interest Down 69.3% in October

Coca-Cola HBC (OTCMKTS:CCHGY) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 936 shares, a decline of 69.3% from the October 15th total of 3,047 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,993 shares, the short-interest ratio is currently 0.1 days.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock opened at $56.03 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.18 and a current ratio of 1.37. Coca-Cola HBC has a 52-week low of $46.43 and a 52-week high of $68.71. The company’s 50 day moving average price is $59.18 and its 200-day moving average price is $60.48.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Investec downgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Deutsche Bank reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. Finally, Zacks Research raised Coca-Cola HBC to a “hold” rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Coca-Cola HBC

Coca-Cola HBC AG is a beverage bottler and distributor and a strategic bottling partner of The Coca-Cola Company. The company produces, packages, markets and sells Coca-Cola beverages and other drinks in markets across Europe and Africa. Its portfolio includes sparkling soft drinks such as Coca-Cola, Fanta and Sprite, as well as water, juices, ready-to-drink tea and coffee, and energy drinks. Product offerings vary by market and include both international brands and local beverages. The company traces its roots to Hellenic Bottling Company, established in Greece in 1969.