Tabcorp Holdings Limited (OTCMKTS:TABCF) Stock Short Interest Drops 43.0%

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

Tabcorp Price Performance

TABCF stock opened at $0.63 on Thursday. Tabcorp has a 12 month low of $0.63 and a 12 month high of $0.80. The firm’s 50-day moving average is $0.63 and its 200 day moving average 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 price objective for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tabcorp currently has a consensus rating of “Hold” and a consensus 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.