Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Drops By 21.9%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 227,225 shares, a drop of 21.9% from the February 26th total of 291,009 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 208,894 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Waterdrop

Large investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in shares of Waterdrop in the second quarter valued at approximately $25,000. Sei Investments Co. bought a new position in shares of Waterdrop in the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new position in shares of Waterdrop during the 3rd quarter worth approximately $36,000. Centiva Capital LP acquired a new position in Waterdrop during the third quarter worth $59,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Waterdrop during the 4th quarter worth about $73,000. 1.96% of the stock is owned by institutional investors.

Waterdrop Price Performance

Shares of NYSE:WDH opened at $1.59 on Friday. The company has a 50 day moving average of $1.74 and a 200-day moving average of $1.79. Waterdrop has a one year low of $1.16 and a one year high of $2.18. The stock has a market cap of $574.53 million, a price-to-earnings ratio of 7.55 and a beta of -0.28.

Waterdrop (NYSE:WDH) last issued its earnings results on Wednesday, March 25th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%. The company had revenue of $201.71 million during the quarter, compared to analysts’ expectations of $117.69 million.

Waterdrop Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, April 24th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, April 24th. This represents a yield of 363.0%. Waterdrop’s payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.