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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 166,298 shares, an increase of 69.3% from the November 30th total of 98,229 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 516,134 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 516,134 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Waterdrop

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Waterdrop in the 2nd quarter valued at about $372,000. E Fund Management Co. Ltd. bought a new position in shares of Waterdrop during the second quarter worth about $372,000. Invesco Ltd. bought a new position in shares of Waterdrop during the second quarter worth about $156,000. NewEdge Advisors LLC acquired a new stake in Waterdrop in the 3rd quarter valued at approximately $80,000. Finally, Centiva Capital LP bought a new stake in Waterdrop in the 3rd quarter valued at approximately $59,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Trading Up 3.6%

Shares of NYSE:WDH traded up $0.07 during trading on Friday, hitting $1.90. 334,634 shares of the company’s stock traded hands, compared to its average volume of 488,991. The company has a 50-day moving average price of $1.75 and a 200-day moving average price of $1.72. Waterdrop has a 52 week low of $1.08 and a 52 week high of $2.18. The company has a market cap of $686.89 million, a price-to-earnings ratio of 9.97 and a beta of -0.25.

Waterdrop (NYSE:WDH) last announced its earnings results on Wednesday, December 10th. The company reported $0.06 EPS 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 company had revenue of $136.93 million for the quarter, compared to analyst estimates of $859.05 million.

Wall Street Analyst Weigh In

WDH has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.00.

About Waterdrop

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.