Tabcorp Holdings Limited (OTCMKTS:TABCF – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 20,169 shares, a decrease of 43.0% from the September 15th total of 35,360 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 started coverage on shares of Tabcorp in a research note on Tuesday, September 22nd. They issued an “outperform” rating and a $1.25 price objective for the company. One research 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 an average rating of “Hold” and an average price target of $1.25.
Check Out Our Latest Stock Analysis on Tabcorp
Tabcorp Stock Performance
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.
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