Waterdrop Inc. Unsponsored ADR (NYSE:WDH – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 123,824 shares, a decrease of 37.4% from the September 15th total of 197,781 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 569,446 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Waterdrop stock. Renaissance Technologies LLC bought a new stake in Waterdrop Inc. Unsponsored ADR (NYSE:WDH – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,957 shares of the company’s stock, valued at approximately $94,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.
Waterdrop Trading Up 0.5%
Shares of WDH stock traded up $0.01 during trading hours on Friday, reaching $1.01. The stock had a trading volume of 249,578 shares, compared to its average volume of 389,730. The stock’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $1.27. Waterdrop has a 12 month low of $0.96 and a 12 month high of $2.03. The firm has a market capitalization of $366.29 million, a PE ratio of 4.83 and a beta of -0.24.
Waterdrop (NYSE:WDH – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $0.05 EPS for the quarter. Waterdrop had a net margin of 10.69% and a return on equity of 10.47%. The company had revenue of $213.16 million during the quarter.
Waterdrop Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a dividend yield of 580.0%. Waterdrop’s payout ratio is presently 23.81%.
Analyst Upgrades and Downgrades
WDH has been the subject of a number of analyst reports. Weiss Ratings lowered Waterdrop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Waterdrop currently has an average rating of “Sell”.
Check Out Our Latest Analysis on WDH
About Waterdrop
Waterdrop Inc (NYSE: WDH) is a technology platform focused on healthcare and insurance services in China. The company connects consumers with insurance products through its online insurance marketplace, which uses digital tools and data-driven technology to help individuals compare and purchase health and other protection products.
Waterdrop also operates a medical crowdfunding platform that helps individuals and families raise funds for medical expenses. Through its technology infrastructure, the company provides online services intended to facilitate fundraising, donations and related support for users facing significant healthcare costs.
Founded in 2016, Waterdrop was established by Shen Peng, who serves as the company’s chief executive officer.
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