Waterdrop Inc. (NYSE:WDH) Short Interest Down 26.5% in January

Waterdrop Inc. (NYSE:WDH) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 167,400 shares, a drop of 26.5% from the January 15th total of 227,800 shares. Based on an average daily volume of 200,700 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are sold short.

Waterdrop Trading Up 6.3 %

Shares of Waterdrop stock traded up $0.08 during mid-day trading on Friday, hitting $1.35. 484,150 shares of the stock were exchanged, compared to its average volume of 93,325. The company has a 50-day simple moving average of $1.19 and a 200 day simple moving average of $1.14. Waterdrop has a twelve month low of $0.97 and a twelve month high of $1.53. The stock has a market capitalization of $497.87 million, a price-to-earnings ratio of 11.21 and a beta of -0.25.

Waterdrop (NYSE:WDH) last released its earnings results on Wednesday, December 11th. The company reported $0.05 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 11.69% and a return on equity of 7.02%.

Institutional Investors Weigh In On Waterdrop

Hedge funds have recently modified their holdings of the stock. Catalina Capital Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter worth approximately $27,000. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter worth approximately $78,000. Baader Bank Aktiengesellschaft raised its holdings in Waterdrop by 1,198.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock valued at $1,524,000 after buying an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop in the fourth quarter valued at approximately $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.

About Waterdrop

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.