What's Going On With UiPath Stock?

UiPath, Inc. PATH shares are trading higher Tuesday. The company announced a new integration which allows customers access to Amazon Bedrock. 

What To Know:

On Monday, UiPath announced the release of a connector for Amazon Bedrock that allows developers to integrate generative AI directly, using the model of their preference and within Amazon Web Services (AWS). 

"The UiPath connector for Amazon Bedrock is simple to use and brings the power of foundation models to all UiPath customers so they can accelerate building their own Generative AI applications," said Graham Sheldon, chief product officer at UiPath. 

Shares of PATH are up nearly 9% over the last five days, but remain 5% lower for the month. 

UiPath shares have grabbed the attention of retail investors and short sellers alike. The stock is currently one of the top trending tickers on Yahoo! Finance, and 11.11% of PATH shares are being sold short, according to data from Benzinga Pro. 

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PATH Price Action: According to Benzinga Pro, UiPath Inc. shares are up more than 4% at $17.47 at the time of publication.

Image: Alexandra Koch from Pixabay