Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Expands By 254.1%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 146,964 shares, an increase of 254.1% from the June 30th total of 41,509 shares. Based on an average trading volume of 140,090 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Waterdrop

A number of institutional investors have recently modified their holdings of WDH. Marshall Wace LLP purchased a new position in shares of Waterdrop in the 2nd quarter worth approximately $25,000. Sei Investments Co. purchased a new stake in Waterdrop during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. purchased a new stake in Waterdrop during the third quarter valued at approximately $36,000. Centiva Capital LP acquired a new stake in Waterdrop in the third quarter valued at approximately $59,000. Finally, Ethos Financial Group LLC acquired a new stake in Waterdrop in the fourth quarter valued at approximately $73,000. 1.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WDH. Weiss Ratings downgraded shares of Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Stock Up 2.3%

Shares of NYSE WDH traded up $0.03 during mid-day trading on Monday, reaching $1.15. 73,416 shares of the company were exchanged, compared to its average volume of 138,324. The stock has a market cap of $413.57 million, a price-to-earnings ratio of 5.33 and a beta of -0.12. Waterdrop has a 1 year low of $1.08 and a 1 year high of $2.18. The firm has a 50-day moving average of $1.31 and a 200 day moving average of $1.57.

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

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.