Tabcorp Holdings Limited (OTCMKTS:TABCF) Sees Large Drop in Short Interest

Tabcorp Holdings Limited (OTCMKTS:TABCF – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 219,876 shares, a decrease of 34.0% from the June 30th total of 333,025 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Tabcorp Stock Performance

Tabcorp stock remained flat at $0.80 during mid-day trading on Friday. Tabcorp has a one year low of $0.65 and a one year high of $0.80. The business’s fifty day simple moving average is $0.80 and its two-hundred day simple moving average is $0.72.

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About Tabcorp

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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.

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