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

Zapata Computing Holdings Inc. (NASDAQ:ZPTA) was the target of a significant increase in short interest during the month of 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. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 4.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cowen AND Company LLC bought a new position in shares of Zapata Computing in the 2nd quarter worth about $30,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Zapata Computing during the second quarter valued at approximately $31,000. Finally, Sandia Investment Management LP bought a new position in shares of Zapata Computing during the second quarter valued at approximately $205,000. 51.22% of the stock is currently owned by institutional investors.

Zapata Computing Stock Performance

Shares of ZPTA stock opened at $0.50 on Friday. The stock has a 50 day simple moving average of $0.55. Zapata Computing has a fifty-two week low of $0.36 and a fifty-two week high of $18.50.

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.