Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Expands By 62.2%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 174,553 shares, a growth of 62.2% from the January 15th total of 107,616 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 273,035 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 273,035 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen cut Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Stock Performance

WDH stock traded down $0.01 during trading on Friday, reaching $1.77. 84,982 shares of the company were exchanged, compared to its average volume of 299,320. The stock’s 50 day moving average price is $1.81 and its 200 day moving average price is $1.80. Waterdrop has a 52-week low of $1.10 and a 52-week high of $2.18. The company has a market cap of $639.78 million, a P/E ratio of 9.29 and a beta of -0.26.

Waterdrop (NYSE:WDH) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sei Investments Co. purchased a new stake in shares of Waterdrop in the third quarter valued at $26,000. Russell Investments Group Ltd. purchased a new stake in Waterdrop in the 3rd quarter valued at about $36,000. Marshall Wace LLP acquired a new position in shares of Waterdrop during the 2nd quarter valued at about $25,000. Centiva Capital LP purchased a new position in shares of Waterdrop during the 3rd quarter worth about $59,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter worth approximately $73,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.

About Waterdrop

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.