Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Up 69.3% in December

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 166,298 shares, an increase of 69.3% from the November 30th total of 98,229 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 516,134 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 516,134 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Waterdrop

Institutional investors have recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Waterdrop in the second quarter worth approximately $372,000. GSA Capital Partners LLP lifted its holdings in shares of Waterdrop by 91.0% in the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock worth $87,000 after acquiring an additional 21,953 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Waterdrop in the 3rd quarter valued at $80,000. Centiva Capital LP purchased a new stake in shares of Waterdrop in the 3rd quarter valued at $59,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after purchasing an additional 25,510 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WDH. The Goldman Sachs Group downgraded Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a research report on Monday, September 29th. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Stock Down 0.8%

NYSE:WDH traded down $0.02 during mid-day trading on Monday, hitting $1.89. 473,906 shares of the stock traded hands, compared to its average volume of 496,777. The business’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.72. The company has a market cap of $683.27 million, a PE ratio of 9.92 and a beta of -0.25. Waterdrop has a 12-month low of $1.08 and a 12-month high of $2.18.

Waterdrop (NYSE:WDH) last announced its earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The business had revenue of $136.93 million during the quarter, compared to the consensus estimate of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

Waterdrop Company Profile

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.