Waterdrop Inc. (NYSE:WDH) Short Interest Down 45.9% in May

Waterdrop Inc. (NYSE:WDHGet Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 54,900 shares, a decrease of 45.9% from the April 30th total of 101,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 267,300 shares, the days-to-cover ratio is presently 0.2 days.

A number of research analysts have issued reports on WDH shares. Morgan Stanley lowered shares of Waterdrop from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $5.00 to $2.00 in a research note on Friday, March 25th. Zacks Investment Research lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Wednesday, February 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $6.50.

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Waterdrop during the first quarter worth $36,000. Norges Bank purchased a new stake in Waterdrop during the fourth quarter worth $276,000. Renaissance Technologies LLC purchased a new stake in Waterdrop during the fourth quarter worth $547,000. Finally, Morgan Stanley purchased a new stake in Waterdrop during the second quarter worth $20,399,000. 0.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of WDH stock traded up $0.03 during trading hours on Friday, hitting $1.11. The company’s stock had a trading volume of 7,787 shares, compared to its average volume of 253,139. The company has a 50 day moving average of $1.37 and a 200 day moving average of $1.43. The stock has a market cap of $4.37 billion and a PE ratio of -0.92. Waterdrop has a 12-month low of $0.90 and a 12-month high of $8.88.

Waterdrop (NYSE:WDHGet Rating) last released its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.03) EPS for the quarter. The business had revenue of $94.76 million during the quarter. Waterdrop had a negative net margin of 49.04% and a negative return on equity of 68.93%. Research analysts expect that Waterdrop will post -0.31 EPS for the current year.

Waterdrop Company Profile (Get Rating)

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.

Featured Stories

Receive News & Ratings for Waterdrop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterdrop and related companies with MarketBeat.com's FREE daily email newsletter.