Short Interest To Observe: What’s Next for Coca-cola European Partners Plc (NYSE:CCE) After Having More Shares Shorted?

November 29, 2016 - By Linda Rogers   ·   0 Comments

Short Interest To Observe: What's Next for Coca cola European Partners Plc (NYSE:CCE) After Having More Shares Shorted?

The stock of Coca-cola European Partners Plc (NYSE:CCE) registered an increase of 9.45% in short interest. CCE’s total short interest was 3.59 million shares in November as published by FINRA. Its up 9.45% from 3.28M shares, reported previously. With 963,200 shares average volume, it will take short sellers 4 days to cover their CCE’s short positions. The stock decreased 0.06% or $0.02 during the last trading session, hitting $33.47. Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has declined 35.21% since April 26, 2016 and is downtrending. It has underperformed by 40.47% the S&P500.

Insitutional Activity: The institutional sentiment increased to 0.14 in Q2 2016. Its up 0.13, from 0.01 in 2016Q1. The ratio improved, as 370 funds sold all Coca-Cola European Partners plc Ordinary Shares shares owned while 2 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 1.93 million shares or 98.97% less from 187.11 million shares in 2016Q1.
Gsa Prns Llp owns 54,974 shares or 0.11% of their US portfolio. Focused Wealth Mgmt Incorporated has invested 0.02% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE). Janney Montgomery Scott Lc has invested 0.06% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE). Ar Asset Mngmt last reported 0.4% of its portfolio in the stock. Moreover, Great West Life Assurance Communications Can has 0.02% invested in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 135,084 shares. Palo reported 11,306 shares or 0.14% of all its holdings. Green Square Lc has 0.23% invested in the company for 26,654 shares. Tourbillon Cap Prtnrs Lp accumulated 900,800 shares or 0.64% of the stock. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 683,383 shares. Adirondack And Mgmt Incorporated accumulated 12,300 shares or 0.16% of the stock. Meeder Asset Mngmt reported 4,133 shares or 0.01% of all its holdings.

Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) Ratings Coverage

Out of 21 analysts covering Coca-Cola Enterprises Inc. (NYSE:CCE), 7 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 33% are positive. $60 is the highest target while $40 is the lowest. The $51.15 average target is 52.82% above today’s ($33.47) stock price. Coca-Cola Enterprises Inc. has been the topic of 37 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Friday, June 10. Evercore upgraded Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) on Tuesday, May 31 to “Buy” rating. The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has “Neutral” rating given on Monday, October 10 by Goldman Sachs. The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has “Equal-Weight” rating given on Wednesday, June 1 by Barclays Capital. RBC Capital Markets downgraded the shares of CCE in a report on Tuesday, September 8 to “Sector Perform” rating. The firm has “Neutral” rating given on Friday, July 31 by UBS. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, April 14. Gabelli downgraded the shares of CCE in a report on Friday, August 7 to “Buy” rating. The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has “Neutral” rating given on Thursday, December 17 by UBS. Susquehanna upgraded the stock to “Neutral” rating in Friday, February 5 report.

More notable recent Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) news were published by: Finance.Yahoo.com which released: “CCE : Summary for Coca-Cola European Partners plc – Yahoo Finance” on April 11, 2014, also Businesswire.com with their article: “COCA-COLA European Partners Plc: Voting Rights and Capital” published on November 01, 2016, Businesswire.com published: “Coca-Cola Enterprises, Inc. Announces Approval of Prospectus Prepared by Coca …” on May 25, 2016. More interesting news about Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) were released by: Businesswire.com and their article: “Coca-Cola European Partners: Voting Rights and Capital” published on June 30, 2016 as well as Businesswire.com‘s news article titled: “Coca-Cola European Partners Plc Admission to Listing and Trading” with publication date: June 02, 2016.

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By Linda Rogers

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