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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 109,200 shares, an increase of 62.7% from the September 30th total of 67,100 shares. Based on an average daily trading volume, of 417,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 417,000 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Several brokerages have commented on WDH. Weiss Ratings reissued a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group downgraded shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.00.

Hedge Funds Weigh In On Waterdrop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in Waterdrop during the 2nd quarter valued at $25,000. Invesco Ltd. bought a new stake in shares of Waterdrop during the 2nd quarter worth $156,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop in the second quarter worth about $372,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Waterdrop in the second quarter valued at approximately $372,000. Finally, Baader Bank Aktiengesellschaft lifted its position in shares of Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company’s stock valued at $2,475,000 after buying an additional 369,325 shares during the last quarter. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Stock Up 0.9%

NYSE WDH opened at $1.76 on Monday. The company has a market capitalization of $636.15 million, a price-to-earnings ratio of 10.32 and a beta of -0.25. Waterdrop has a twelve month low of $0.97 and a twelve month high of $2.18. The stock has a fifty day simple moving average of $1.84 and a 200 day simple moving average of $1.61.

Waterdrop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, October 10th. Waterdrop’s dividend payout ratio (DPR) is 29.41%.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.