Waterdrop Inc. (NYSE:WDH) Short Interest Down 41.9% in March

Waterdrop Inc. (NYSE:WDH) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 77,100 shares, a drop of 41.9% from the February 28th total of 132,600 shares. Based on an average trading volume of 271,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Waterdrop Trading Down 6.8 %

Shares of NYSE:WDH traded down $0.10 on Friday, reaching $1.31. The company had a trading volume of 341,119 shares, compared to its average volume of 270,112. The firm has a market capitalization of $483.06 million, a PE ratio of 10.88 and a beta of -0.26. Waterdrop has a 52-week low of $0.97 and a 52-week high of $1.57. The firm’s 50 day simple moving average is $1.30 and its 200-day simple moving average is $1.20.

Waterdrop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 11th will be paid a $0.02 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.08 annualized dividend and a yield of 6.13%. Waterdrop’s dividend payout ratio (DPR) is presently 7.14%.

Hedge Funds Weigh In On Waterdrop

Large investors have recently added to or reduced their stakes in the company. IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop in the 4th quarter valued at about $6,760,000. Baader Bank Aktiengesellschaft lifted its position in Waterdrop by 1,198.2% during the fourth 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. Jane Street Group LLC acquired a new stake in Waterdrop in the fourth quarter valued at approximately $78,000. Finally, Catalina Capital Group LLC acquired a new stake in Waterdrop in the fourth quarter valued at approximately $27,000. 1.96% of the stock is currently owned by 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.