Waterdrop Inc. (NYSE:WDH) Short Interest Down 26.5% in January

Waterdrop Inc. (NYSE:WDH) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 167,400 shares, a decline of 26.5% from the January 15th total of 227,800 shares. Based on an average daily volume of 200,700 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Waterdrop Price Performance

Shares of NYSE:WDH traded up $0.08 on Friday, reaching $1.35. The company’s stock had a trading volume of 484,150 shares, compared to its average volume of 93,325. The stock’s 50-day moving average is $1.19 and its two-hundred day moving average is $1.14. Waterdrop has a 52-week low of $0.97 and a 52-week high of $1.53. The stock has a market capitalization of $497.87 million, a P/E ratio of 11.21 and a beta of -0.25.

Waterdrop (NYSE:WDH) last issued its earnings results on Wednesday, December 11th. The company reported $0.05 earnings per share for the quarter. Waterdrop had a net margin of 11.69% and a return on equity of 7.02%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Catalina Capital Group LLC acquired a new position in shares of Waterdrop during the 4th quarter worth $27,000. Jane Street Group LLC purchased a new position in shares of Waterdrop in the 4th quarter valued at about $78,000. Baader Bank Aktiengesellschaft increased its holdings in shares of 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 purchasing an additional 1,192,092 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop in the 4th quarter valued at about $6,760,000. 1.96% of the stock is owned by hedge funds and other institutional investors.

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.