Waterdrop Inc. (NYSE:WDH) Sees Large Drop in Short Interest

Waterdrop Inc. (NYSE:WDH) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 132,600 shares, a decrease of 16.4% from the February 13th total of 158,600 shares. Based on an average trading volume of 226,800 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Waterdrop

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalina Capital Group LLC purchased a new stake in Waterdrop during the 4th quarter valued at $27,000. Jane Street Group LLC purchased a new stake in Waterdrop during the 4th quarter valued at $78,000. Baader Bank Aktiengesellschaft grew its position in Waterdrop by 1,198.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock valued at $1,524,000 after acquiring an additional 1,192,092 shares during the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new position in Waterdrop in the 4th quarter valued at $6,760,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Waterdrop Trading Up 3.2 %

NYSE:WDH traded up $0.05 during midday trading on Wednesday, hitting $1.44. 348,960 shares of the company traded hands, compared to its average volume of 272,478. The firm’s fifty day moving average is $1.25 and its 200-day moving average is $1.18. Waterdrop has a 12-month low of $0.97 and a 12-month high of $1.57. The firm has a market capitalization of $531.18 million, a P/E ratio of 11.96 and a beta of -0.26.

Waterdrop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, April 11th. This represents a $0.08 annualized dividend and a yield of 5.57%. Waterdrop’s payout ratio is presently 7.14%.

About Waterdrop

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.