Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Down 34.3% in June

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 47,528 shares, a decline of 34.3% from the May 31st total of 72,320 shares. Based on an average daily volume of 131,537 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Waterdrop Stock Up 0.2%

Shares of WDH traded up $0.00 on Friday, reaching $1.20. The stock had a trading volume of 147,771 shares, compared to its average volume of 213,075. Waterdrop has a twelve month low of $1.08 and a twelve month high of $2.18. The firm has a market capitalization of $433.78 million, a PE ratio of 5.72 and a beta of -0.12. The firm has a 50-day moving average of $1.45 and a 200 day moving average of $1.65.

Waterdrop (NYSE:WDH) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $180.17 million during the quarter. Waterdrop had a return on equity of 10.87% and a net margin of 12.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WDH. Weiss Ratings downgraded Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a report on Sunday, June 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boundless Plain Holdings Ltd acquired a new stake in Waterdrop in the 4th quarter valued at about $21,936,000. IDG China Capital Fund GP III Associates Ltd. purchased a new stake in shares of Waterdrop in the fourth quarter valued at about $538,000. E Fund Management Co. Ltd. purchased a new stake in shares of Waterdrop in the second quarter valued at about $372,000. Invesco Ltd. acquired a new stake in shares of Waterdrop in the second quarter valued at approximately $156,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Waterdrop during the 1st quarter worth approximately $94,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

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.