Short Interest in Zapata Computing Holdings Inc. (NASDAQ:ZPTA) Increases By 81.9%

Zapata Computing Holdings Inc. (NASDAQ:ZPTA) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,060,000 shares, an increase of 81.9% from the September 30th total of 582,700 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 15,910,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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

Zapata Computing Stock Performance

Shares of ZPTA stock opened at $0.08 on Friday. The company’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.71. Zapata Computing has a one year low of $0.06 and a one year high of $18.50.

Zapata Computing (NASDAQ:ZPTA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.48) EPS for the quarter. The firm had revenue of $2.00 million during the quarter. Equities research analysts predict that Zapata Computing will post -1.44 EPS for the current fiscal year.

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.