Tabcorp Holdings Limited (OTCMKTS:TABCF) Stock Short Interest Declines 38.7%

Tabcorp Holdings Limited (OTCMKTS:TABCF) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 35,360 shares, a drop of 38.7% from the August 31st total of 57,662 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Tabcorp Price Performance

Shares of TABCF opened at $0.63 on Friday. Tabcorp has a 12-month low of $0.63 and a 12-month high of $0.80. The stock’s fifty day simple moving average is $0.65 and its 200-day simple moving average is $0.72.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada assumed coverage on shares of Tabcorp in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $1.25 price target for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1.25.

Tabcorp Company Profile

Tabcorp Holdings Limited is an Australian gambling and entertainment company headquartered in Melbourne. Its principal business is wagering, delivered through the TAB brand across retail outlets, online platforms and mobile applications. TAB offers betting on thoroughbred, harness and greyhound racing, as well as a range of sporting events.

Tabcorp also operates Sky Racing, a racing media and broadcasting business that provides live coverage, race information and related content to wagering customers and industry participants.