Waterdrop Inc. Unsponsored ADR (NYSE:WDH – Get 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:WDH – Get 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
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
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.
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