Short Interest in Waterdrop Inc. (NYSE:WDH) Decreases By 41.9%

Waterdrop Inc. (NYSE:WDH) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 77,100 shares, a decrease of 41.9% from the February 28th total of 132,600 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 271,600 shares, the days-to-cover ratio is currently 0.3 days.

Waterdrop Stock Down 6.8 %

WDH opened at $1.31 on Friday. Waterdrop has a twelve month low of $0.97 and a twelve month high of $1.57. The firm has a 50 day moving average price of $1.30 and a 200-day moving average price of $1.20. The stock has a market capitalization of $483.06 million, a price-to-earnings ratio of 10.88 and a beta of -0.26.

Waterdrop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 6.13%. Waterdrop’s payout ratio is 7.14%.

Institutional Trading of Waterdrop

Several large investors have recently modified their holdings of the company. Catalina Capital Group LLC purchased a new position in Waterdrop in the fourth quarter worth about $27,000. Jane Street Group LLC purchased a new position in shares of Waterdrop in the fourth quarter worth approximately $78,000. Baader Bank Aktiengesellschaft grew its position in Waterdrop by 1,198.2% during 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 stake in Waterdrop during the fourth quarter valued at approximately $6,760,000. Institutional investors own 1.96% of the company’s stock.

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.