Tabcorp Holdings Limited (OTCMKTS:TABCF) Short Interest Update

Tabcorp Holdings Limited (OTCMKTS:TABCF) was the target of a large decline in short interest in 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 days-to-cover ratio is presently 154.2 days.

Tabcorp Stock Performance

Shares of Tabcorp stock remained flat at $0.80 during trading hours on Monday. Tabcorp has a twelve month low of $0.65 and a twelve month high of $0.80. The firm has a 50-day moving average price of $0.71 and a 200 day moving average price of $0.65.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered shares of Tabcorp to an “underweight” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Tabcorp Company Profile

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.