Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Declines By 14.2%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 95,586 shares, a drop of 14.2% from the March 31st total of 111,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 168,739 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

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

Waterdrop Trading Down 3.3%

Waterdrop stock traded down $0.06 on Friday, hitting $1.63. 199,410 shares of the stock traded hands, compared to its average volume of 158,579. The firm has a market cap of $589.03 million, a P/E ratio of 7.74 and a beta of -0.16. The business’s fifty day simple moving average is $1.71 and its 200 day simple moving average is $1.75. Waterdrop has a 1 year low of $1.24 and a 1 year high of $2.18.

Waterdrop (NYSE:WDH) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.The business had revenue of $201.71 million during the quarter, compared to analyst estimates of $117.69 million.

Waterdrop Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop’s dividend payout ratio (DPR) is presently 23.81%.

Hedge Funds Weigh In On Waterdrop

Several institutional investors and hedge funds have recently modified their holdings of WDH. Boundless Plain Holdings Ltd bought a new position in shares of Waterdrop during the fourth quarter valued at $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new position in shares of Waterdrop during the fourth quarter valued at $538,000. E Fund Management Co. Ltd. bought a new position in shares of Waterdrop during the second quarter valued at $372,000. Invesco Ltd. bought a new position in shares of Waterdrop during the second quarter valued at $156,000. Finally, SmartHarvest Portfolios LLC bought a new position in shares of Waterdrop during the fourth quarter valued at $86,000. 1.96% of the stock is currently owned by institutional investors.

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.