Short Interest in Tabcorp Holdings Limited (OTCMKTS:TABCF) Declines By 34.7%

Tabcorp Holdings Limited (OTCMKTS:TABCF) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 200,017 shares, a drop 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 presently 154.2 days.

Analysts Set New Price Targets

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

Tabcorp Price Performance

OTCMKTS:TABCF opened at $0.80 on Tuesday. The company has a 50 day moving average price of $0.71 and a 200-day moving average price of $0.66. Tabcorp has a 1-year low of $0.65 and a 1-year high of $0.80.

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.