UiPath Inc. (NYSE:PATH) shares traded lower on Wednesday, while the Nasdaq is up 1.40% while the S&P 500 has gained 0.71%.
The move comes as investors weigh competitive pressure from Anthropic, which recently launched new agentic AI tools.
Investors worry these tools might disrupt the core business model of the automation leader.
On Tuesday, UiPath announced its UiPath for Coding Agents platform. This integration aims to bridge the gap between AI-generated code and enterprise governance.
Short Interest Reaches New Highs
Bearish sentiment has increased recently. Short interest in UiPath rose from 108.52 million to 115.09 million shares. Approximately 31.49% of the company’s float is now held short. At an average daily volume of 22.27 million shares, it would take short sellers 5.17 days to cover …
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