Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Update

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 272,613 shares, an increase of 56.2% from the January 29th total of 174,553 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 347,403 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 347,403 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Waterdrop Stock Performance

Shares of Waterdrop stock opened at $1.80 on Friday. The stock has a market capitalization of $650.65 million, a P/E ratio of 9.45 and a beta of -0.26. Waterdrop has a 52-week low of $1.16 and a 52-week high of $2.18. The stock’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.80.

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

Hedge Funds Weigh In On Waterdrop

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

Analyst Ratings Changes

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

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.