Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Sees Significant Decrease in Short Interest

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 47,528 shares, a decrease of 34.3% from the May 31st total of 72,320 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 131,537 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a research note on Sunday, June 28th. Weiss Ratings downgraded Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Stock Performance

Shares of NYSE WDH opened at $1.20 on Friday. The stock has a market cap of $433.78 million, a price-to-earnings ratio of 5.72 and a beta of -0.12. Waterdrop has a fifty-two week low of $1.08 and a fifty-two week high of $2.18. The firm’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $1.65.

Waterdrop (NYSE:WDH) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.04 EPS for the quarter. Waterdrop had a return on equity of 10.87% and a net margin of 12.47%.The firm had revenue of $180.17 million during the quarter.

Hedge Funds Weigh In On Waterdrop

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new stake in shares of Waterdrop in the 3rd quarter worth $26,000. Russell Investments Group Ltd. bought a new position in shares of Waterdrop during the third quarter valued at about $36,000. Marshall Wace LLP purchased a new position in Waterdrop during the second quarter worth about $25,000. Arrowstreet Capital Limited Partnership boosted its holdings in Waterdrop by 184.0% during 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. Finally, Centiva Capital LP purchased a new position in Waterdrop during the third quarter worth about $59,000. 1.96% of the stock is currently owned by institutional investors.

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.