Tabcorp Holdings Limited (OTCMKTS:TABCF) Shares Shorted: Short Interest Down 43.0% in September

Tabcorp Holdings Limited (OTCMKTS:TABCF) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 20,169 shares, a decline of 43.0% from the September 15th total of 35,360 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Tabcorp Stock Performance

TABCF stock opened at $0.63 on Friday. Tabcorp has a fifty-two week low of $0.63 and a fifty-two week high of $0.80. The business’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $0.72.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada initiated coverage on Tabcorp in a report on Tuesday, September 22nd. They set an “outperform” rating and a $1.25 target price for the company. One investment 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 has an average rating of “Hold” and an average target price of $1.25.

About Tabcorp

Tabcorp Holdings Limited is an Australian gambling and entertainment company that provides wagering, racing media and gaming services. Its wagering business operates under the TAB brand, offering betting products through retail outlets, online platforms and mobile applications across Australia, subject to state and territory licensing arrangements.

The company’s media operations include Sky Racing, which broadcasts and distributes thoroughbred, harness and greyhound racing content to wagering customers and venues.