Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Update

Waterdrop Inc. Unsponsored ADR (NYSE:WDHGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 245,104 shares, a growth of 70.3% from the July 30th total of 143,945 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 254,506 shares, the days-to-cover ratio is currently 1.0 days.

Waterdrop Stock Performance

WDH traded down $0.01 during midday trading on Monday, reaching $0.99. 175,262 shares of the company were exchanged, compared to its average volume of 226,290. The company has a market cap of $355.65 million, a price-to-earnings ratio of 4.69 and a beta of -0.09. Waterdrop has a one year low of $0.96 and a one year high of $2.18. The company’s fifty day moving average price is $1.10 and its 200 day moving average price is $1.44.

Waterdrop (NYSE:WDHGet Free Report) last announced its earnings results on Wednesday, June 17th. The company reported $0.04 earnings per share (EPS) for the quarter. Waterdrop had a return on equity of 10.87% and a net margin of 12.47%.The company had revenue of $180.17 million for the quarter.

Hedge Funds Weigh In On Waterdrop

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. bought a new stake in Waterdrop in the 3rd quarter worth about $26,000. Russell Investments Group Ltd. purchased a new stake in Waterdrop in the 3rd quarter valued at about $36,000. Marshall Wace LLP bought a new position in shares of Waterdrop during the 2nd quarter worth approximately $25,000. Centiva Capital LP bought a new position in shares of Waterdrop in the third quarter valued at approximately $59,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Waterdrop by 184.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after acquiring an additional 25,510 shares during the last quarter. 1.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WDH has been the topic of a number of recent research reports. Weiss Ratings cut Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.00.

Read Our Latest Research Report on Waterdrop

Waterdrop Company Profile

(Get Free Report)

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.

Further Reading

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