Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Drops By 21.9%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 227,225 shares, a drop of 21.9% from the February 26th total of 291,009 shares. Based on an average trading volume of 208,894 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Waterdrop has a consensus rating of “Hold” and an average price target of $2.00.

Hedge Funds Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Waterdrop during the 2nd quarter worth $25,000. Sei Investments Co. purchased a new stake in shares of Waterdrop in the third quarter valued at about $26,000. Russell Investments Group Ltd. purchased a new position in Waterdrop during the third quarter worth about $36,000. Centiva Capital LP acquired a new stake in Waterdrop in the third quarter valued at about $59,000. Finally, Ethos Financial Group LLC purchased a new stake in Waterdrop in the 4th quarter valued at approximately $73,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Waterdrop Price Performance

Shares of NYSE:WDH traded down $0.01 on Monday, reaching $1.59. The company’s stock had a trading volume of 576,582 shares, compared to its average volume of 297,531. Waterdrop has a 52-week low of $1.16 and a 52-week high of $2.18. The stock has a market capitalization of $574.53 million, a P/E ratio of 7.55 and a beta of -0.28. The stock’s 50-day moving average is $1.74 and its two-hundred day moving average is $1.79.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $201.71 million for the quarter, compared to analyst estimates of $117.69 million. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.

Waterdrop Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.03 per share. This represents a dividend yield of 363.0%. The ex-dividend date is Friday, April 24th. Waterdrop’s dividend payout ratio is 19.05%.

About Waterdrop

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.