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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 202,324 shares, an increase of 21.7% from the December 15th total of 166,298 shares. Based on an average daily trading volume, of 488,147 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 488,147 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WDH. Marshall Wace LLP bought a new stake in shares of Waterdrop in the 2nd quarter worth about $25,000. Sei Investments Co. acquired a new position in Waterdrop in the third quarter worth about $26,000. Russell Investments Group Ltd. bought a new stake in Waterdrop in the third quarter valued at about $36,000. Centiva Capital LP acquired a new stake in Waterdrop during the third quarter valued at approximately $59,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after buying an additional 25,510 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors.

Waterdrop Stock Down 0.3%

Shares of Waterdrop stock traded down $0.01 during trading hours on Monday, hitting $1.79. 217,672 shares of the company’s stock traded hands, compared to its average volume of 354,323. Waterdrop has a twelve month low of $1.08 and a twelve month high of $2.18. The company has a market cap of $647.03 million, a PE ratio of 9.40 and a beta of -0.26. The stock has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.78.

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

Wall Street Analyst Weigh In

WDH has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a research report on Wednesday, October 8th. The Goldman Sachs Group cut Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective on the stock. in a research note on Monday, September 29th. Finally, Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.00.

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.