Tabcorp Holdings Limited (OTCMKTS:TABCF) Short Interest Update

Tabcorp Holdings Limited (OTCMKTS:TABCF) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 200,017 shares, a decline of 34.7% from the April 15th total of 306,323 shares. Based on an average daily volume of 1,297 shares, the short-interest ratio is currently 154.2 days.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered Tabcorp to an “underweight” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tabcorp presently has a consensus rating of “Hold”.

Tabcorp Price Performance

TABCF stock remained flat at $0.80 during mid-day trading on Monday. Tabcorp has a 52-week low of $0.65 and a 52-week high of $0.80. The stock has a fifty day moving average of $0.71 and a 200-day moving average of $0.65.

About Tabcorp

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through Wagering and Media, and Gaming Services segments. The Wagering and Media segment offers through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone. It also provides Trackside, a computer simulate racing product; and international wagering and pooling services. In addition, the company engages in the Sky Racing television channels broadcasting thoroughbred, and harness and greyhound racing to audiences; Sky Racing Active, a digital app providing Sky Racing's live and on-demand racing content across thoroughbred, and harness and greyhound racing; and Sky Sports Radio network.