Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Declines By 46.8%

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 107,616 shares, a drop of 46.8% from the December 31st total of 202,324 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 368,399 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 368,399 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Waterdrop

Hedge funds have recently modified their holdings of the business. Sei Investments Co. purchased a new position in shares of Waterdrop in the 3rd quarter valued at approximately $26,000. Russell Investments Group Ltd. purchased a new position in shares of Waterdrop in the third quarter valued at $36,000. Marshall Wace LLP acquired a new position in Waterdrop during the second quarter worth about $25,000. GSA Capital Partners LLP lifted its position in shares of Waterdrop by 91.0% in the third quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after acquiring an additional 21,953 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after purchasing an additional 25,510 shares during the last quarter. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Waterdrop Stock Performance

Shares of WDH traded down $0.05 during midday trading on Friday, hitting $1.65. The company had a trading volume of 209,640 shares, compared to its average volume of 310,207. The company’s 50-day simple moving average is $1.81 and its 200-day simple moving average is $1.79. Waterdrop has a 1 year low of $1.08 and a 1 year high of $2.18. The firm has a market capitalization of $596.28 million, a P/E ratio of 8.66 and a beta of -0.26.

Waterdrop (NYSE:WDH) last issued its earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.21). The firm had revenue of $136.93 million during the quarter, compared to analyst estimates of $859.05 million. Waterdrop had a net margin of 15.58% and a return on equity of 9.99%.

Analyst Ratings Changes

A number of research firms recently weighed in on WDH. Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a research report on Wednesday, October 8th. Wall Street Zen cut Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.00.

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.