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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cowen AND Company LLC purchased 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 stake in shares of Zapata Computing during the second quarter valued at approximately $31,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Zapata Computing during the second quarter valued at approximately $205,000. 51.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZPTA has been the topic of several analyst reports. Cantor Fitzgerald began coverage on shares of Zapata Computing in a research note on Tuesday, August 13th. They set an “overweight” rating and a $1.75 price target on the stock. Benchmark reissued a “speculative buy” rating and issued a $1.50 target price on shares of Zapata Computing in a research report on Tuesday, August 13th.

Zapata Computing Price Performance

ZPTA opened at $0.08 on Friday. The company’s 50 day simple moving average is $0.34 and its 200 day simple moving average is $0.74. Zapata Computing has a 1 year low of $0.06 and a 1 year high of $18.50.

Zapata Computing (NASDAQ:ZPTA) last released its earnings results on Wednesday, August 14th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $2.00 million for the quarter. As a group, sell-side analysts anticipate that Zapata Computing will post -1.44 earnings per share for the current fiscal year.

About Zapata Computing

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.