Tabcorp Holdings Limited (OTCMKTS:TABCF) Sees Significant Growth in Short Interest

Tabcorp Holdings Limited (OTCMKTS:TABCF) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 77,899 shares, a growth of 286.2% from the September 30th total of 20,169 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

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

Tabcorp Price Performance

Shares of TABCF stock opened at $0.59 on Wednesday. The stock’s fifty day simple moving average is $0.63 and its 200 day simple moving average is $0.69. Tabcorp has a one year low of $0.59 and a one year high of $0.63.

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.