Zapata Computing Holdings Inc. (NASDAQ:ZPTA) Sees Large Growth in Short Interest

Zapata Computing Holdings Inc. (NASDAQ:ZPTA) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 1,070,000 shares, an increase of 19.6% from the July 31st total of 895,000 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several research analysts recently commented on ZPTA shares. Cantor Fitzgerald started coverage on Zapata Computing in a research note on Tuesday, August 13th. They issued an “overweight” rating and a $1.75 price objective for the company. Benchmark reaffirmed a “speculative buy” rating and set a $1.50 target price on shares of Zapata Computing in a report on Tuesday, August 13th.

Zapata Computing Stock Performance

ZPTA opened at $0.50 on Friday. The business has a 50 day simple moving average of $0.55. Zapata Computing has a 1-year low of $0.36 and a 1-year high of $18.50.

Institutional Investors Weigh In On Zapata Computing

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cowen AND Company LLC acquired a new position in Zapata Computing during the second quarter worth $30,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Zapata Computing in the 2nd quarter worth $31,000. Finally, Sandia Investment Management LP purchased a new position in shares of Zapata Computing during the 2nd quarter worth $205,000. Institutional investors and hedge funds own 51.22% of the company’s stock.

Zapata Computing Company Profile

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems.