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

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

Tabcorp Stock Performance

TABCF opened at $0.59 on Wednesday. The stock has a 50-day moving average of $0.63 and a 200-day moving average of $0.69. Tabcorp has a 52-week low of $0.59 and a 52-week high of $0.63.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada started coverage on Tabcorp in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $1.25 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to 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 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.