Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Drops By 14.2%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 95,586 shares, a decline of 14.2% from the March 31st total of 111,400 shares. Based on an average daily trading volume, of 168,739 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Waterdrop

Several institutional investors and hedge funds have recently modified their holdings of WDH. Boundless Plain Holdings Ltd acquired a new position in Waterdrop in the 4th quarter worth about $21,936,000. IDG China Capital Fund GP III Associates Ltd. acquired a new position in Waterdrop in the 4th quarter worth about $538,000. E Fund Management Co. Ltd. acquired a new position in Waterdrop in the 2nd quarter worth about $372,000. Invesco Ltd. acquired a new position in Waterdrop in the 2nd quarter worth about $156,000. Finally, SmartHarvest Portfolios LLC acquired a new position in Waterdrop in the 4th quarter worth about $86,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

Analysts Set New Price Targets

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

Waterdrop Stock Performance

WDH stock traded up $0.01 on Friday, hitting $1.69. 77,888 shares of the company’s stock were exchanged, compared to its average volume of 259,690. Waterdrop has a 12-month low of $1.24 and a 12-month high of $2.18. The firm has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $1.75. The stock has a market cap of $610.78 million, a P/E ratio of 8.02 and a beta of -0.22.

Waterdrop (NYSE:WDH) last announced its earnings results on Thursday, March 26th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $201.71 million for the quarter, compared to the consensus estimate of $117.69 million. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.

Waterdrop Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th will be issued a $0.03 dividend. This represents a dividend yield of 356.0%. The ex-dividend date of this dividend is Friday, April 24th. Waterdrop’s payout ratio is 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.