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

Tabcorp Holdings Limited (OTCMKTS:TABCF) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 57,662 shares, a drop of 62.0% from the August 15th total of 151,849 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Tabcorp Price Performance

TABCF stock remained flat at $0.63 during midday trading on Friday. The stock’s fifty day simple moving average is $0.70 and its 200 day simple moving average is $0.73. Tabcorp has a one year low of $0.63 and a one year high of $0.80.

About Tabcorp

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.