Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Expands By 70.3%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 245,104 shares, a growth of 70.3% from the July 30th total of 143,945 shares. Based on an average daily trading volume, of 254,506 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WDH. Sei Investments Co. bought a new stake in shares of Waterdrop in the 3rd quarter worth approximately $26,000. Russell Investments Group Ltd. bought a new position in Waterdrop during the third quarter valued at approximately $36,000. Marshall Wace LLP bought a new stake in Waterdrop during the second quarter valued at approximately $25,000. Centiva Capital LP bought a new position in shares of Waterdrop in the third quarter worth about $59,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Waterdrop by 184.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after acquiring an additional 25,510 shares in the last quarter. 1.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WDH has been the topic of a number of recent research reports. Weiss Ratings lowered Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Waterdrop currently has a consensus rating of “Hold” and a consensus target price of $2.00.

Waterdrop Price Performance

WDH stock opened at $0.98 on Wednesday. Waterdrop has a 1 year low of $0.96 and a 1 year high of $2.18. The stock has a market capitalization of $352.36 million, a PE ratio of 4.65 and a beta of -0.08. The company’s 50-day moving average is $1.10 and its 200-day moving average is $1.43.

Waterdrop (NYSE:WDH) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.04 earnings per share for the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%. The firm had revenue of $180.17 million for the quarter.

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.