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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 123,824 shares, a decline of 37.4% from the September 15th total of 197,781 shares. Based on an average daily volume of 569,446 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts recently commented on WDH shares. Weiss Ratings lowered shares of Waterdrop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Waterdrop Stock Performance

WDH traded up $0.01 during trading on Friday, reaching $1.02. The company had a trading volume of 151,335 shares, compared to its average volume of 317,657. The firm’s 50-day simple moving average is $1.02 and its 200 day simple moving average is $1.27. The company has a market cap of $369.90 million, a price-to-earnings ratio of 4.88 and a beta of -0.24. Waterdrop has a 12-month low of $0.96 and a 12-month high of $2.03.

Waterdrop (NYSE:WDH) last posted 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 business also recently disclosed a dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 9th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a yield of 580.0%. Waterdrop’s payout ratio is presently 23.81%.

Institutional Investors Weigh In On Waterdrop

A hedge fund recently bought a new position in Waterdrop stock. Renaissance Technologies LLC purchased a new stake in shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 57,957 shares of the company’s stock, valued at approximately $94,000. 1.96% of the stock is currently owned by institutional investors.

Waterdrop Company Profile

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.