Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Down 46.8% in January

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 107,616 shares, a drop of 46.8% from the December 31st total of 202,324 shares. Based on an average daily volume of 368,399 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 368,399 shares, the short-interest ratio is presently 0.3 days.

Waterdrop Stock Performance

NYSE:WDH traded down $0.05 during trading hours on Friday, reaching $1.65. The stock had a trading volume of 209,640 shares, compared to its average volume of 310,207. The stock has a market cap of $596.28 million, a P/E ratio of 8.66 and a beta of -0.26. The stock has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $1.79. Waterdrop has a 12-month low of $1.08 and a 12-month high of $2.18.

Waterdrop (NYSE:WDH) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.21). The business had revenue of $136.93 million during the quarter, compared to the consensus estimate of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WDH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Waterdrop currently has a consensus rating of “Hold” and a consensus target price of $2.00.

Hedge Funds Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. bought a new position in shares of Waterdrop during the third quarter valued at about $26,000. Russell Investments Group Ltd. purchased a new position in Waterdrop in the 3rd quarter worth approximately $36,000. Marshall Wace LLP bought a new stake in Waterdrop in the second quarter valued at approximately $25,000. GSA Capital Partners LLP boosted its stake in shares of Waterdrop by 91.0% during the third quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after purchasing an additional 21,953 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Waterdrop by 184.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after purchasing an additional 25,510 shares during the last quarter. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

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.