Waterdrop Inc. (NYSE:WDH) Short Interest Update

Waterdrop Inc. (NYSE:WDH) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 168,300 shares, an increase of 32.7% from the March 15th total of 126,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 260,800 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Waterdrop from a “d+” rating to a “c-” rating in a research report on Thursday, March 14th.

Institutional Trading of Waterdrop

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of Waterdrop by 239.9% in the 4th quarter. Bank of America Corp DE now owns 8,497 shares of the company’s stock worth $28,000 after buying an additional 5,997 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Waterdrop during the 2nd quarter valued at $33,000. Squarepoint Ops LLC purchased a new stake in shares of Waterdrop in the 4th quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of Waterdrop in the 3rd quarter worth about $29,000. Finally, Virtu Financial LLC purchased a new stake in shares of Waterdrop in the 4th quarter worth about $33,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Waterdrop Stock Performance

Shares of WDH stock traded down $0.02 during trading on Monday, reaching $1.23. 563,235 shares of the company’s stock traded hands, compared to its average volume of 270,294. The company has a market capitalization of $480.92 million, a P/E ratio of 24.90 and a beta of -0.33. The company has a current ratio of 3.96, a quick ratio of 4.11 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $1.20 and its 200 day moving average is $1.13. Waterdrop has a 1 year low of $0.94 and a 1 year high of $3.02.

Waterdrop Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.032 per share. The ex-dividend date of this dividend is Thursday, April 18th.

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.