Zapata Computing Holdings Inc. (NASDAQ:ZPTA – Get Free Report) 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.
Get Our Latest Stock Report on Zapata Computing
Zapata Computing Stock Performance
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.
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