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

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

Tabcorp Price Performance

Shares of Tabcorp stock opened at $0.63 on Friday. The company has a 50 day moving average of $0.65 and a 200-day moving average of $0.72. Tabcorp has a 1-year low of $0.63 and a 1-year high of $0.80.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada initiated coverage on Tabcorp in a research report on Tuesday, September 22nd. They issued an “outperform” rating and a $1.25 price target on the stock. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.25.

About Tabcorp

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.