Short Interest in Thinkific Labs Inc. (OTCMKTS:THNCF) Expands By 102.8%

Thinkific Labs Inc. (OTCMKTS:THNCFGet Rating) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 129,800 shares, a growth of 102.8% from the April 30th total of 64,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1,298.0 days.

Several research firms recently issued reports on THNCF. BMO Capital Markets cut their target price on Thinkific Labs from C$7.00 to C$4.50 in a research report on Friday, May 6th. National Bank Financial cut their price target on Thinkific Labs from C$12.00 to C$6.00 in a report on Wednesday, March 30th. Finally, Canaccord Genuity Group cut their price target on Thinkific Labs from C$7.50 to C$5.00 and set a “buy” rating for the company in a report on Friday, May 6th.

OTCMKTS:THNCF opened at $1.86 on Friday. Thinkific Labs has a 1 year low of $1.69 and a 1 year high of $10.96. The company has a 50 day moving average of $2.20.

About Thinkific Labs (Get Rating)

Thinkific Labs Inc develops, markets, and supports cloud-based platform in Canada, the United States, and internationally. The company's platform enables entrepreneurs and established businesses to create, market, sell, and deliver online courses and other learning products. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.

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