Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Sees Large Decrease in Short Interest

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 227,225 shares, a decline of 21.9% from the February 26th total of 291,009 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 208,894 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Boundless Plain Holdings Ltd acquired a new position in Waterdrop during the fourth quarter valued at approximately $21,936,000. IDG China Capital Fund GP III Associates Ltd. acquired a new stake in Waterdrop during the fourth quarter worth about $538,000. E Fund Management Co. Ltd. bought a new stake in shares of Waterdrop during the second quarter valued at approximately $372,000. Invesco Ltd. bought a new stake in Waterdrop in the 2nd quarter valued at $156,000. Finally, SmartHarvest Portfolios LLC bought a new stake in Waterdrop in the fourth quarter valued at about $86,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

Waterdrop Price Performance

NYSE:WDH opened at $1.59 on Friday. The stock’s 50-day moving average is $1.74 and its two-hundred day moving average is $1.79. Waterdrop has a fifty-two week low of $1.16 and a fifty-two week high of $2.18. The stock has a market cap of $574.53 million, a PE ratio of 7.55 and a beta of -0.28.

Waterdrop (NYSE:WDH) last released its 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. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%. The company had revenue of $201.71 million during the quarter, compared to the consensus estimate of $117.69 million.

Waterdrop Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, April 24th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a dividend yield of 363.0%. Waterdrop’s payout ratio is presently 23.81%.

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.