Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Sees Significant Growth in Short Interest

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a large growth in short interest in 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 volume of 273,035 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 273,035 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Waterdrop Trading Down 0.3%

Shares of NYSE WDH traded down $0.01 during midday trading on Friday, hitting $1.77. The company’s stock had a trading volume of 84,982 shares, compared to its average volume of 305,965. The firm has a market capitalization of $639.78 million, a price-to-earnings ratio of 9.29 and a beta of -0.26. The stock has a fifty day moving average price of $1.81 and a 200 day moving average price of $1.80. Waterdrop has a one year low of $1.10 and a one year high of $2.18.

Waterdrop (NYSE:WDH) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Waterdrop from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.00.

Hedge Funds Weigh In On Waterdrop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDH. Boundless Plain Holdings Ltd purchased a new stake in shares of Waterdrop in the 4th quarter valued at about $21,936,000. IDG China Capital Fund GP III Associates Ltd. purchased a new stake in Waterdrop in the fourth quarter valued at approximately $538,000. E Fund Management Co. Ltd. purchased a new stake in Waterdrop in the second quarter valued at approximately $372,000. Invesco Ltd. bought a new stake in Waterdrop during the second quarter valued at approximately $156,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Waterdrop by 91.0% during the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock worth $87,000 after acquiring an additional 21,953 shares during the last quarter. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Waterdrop Company Profile

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.