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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 47,528 shares, a decrease of 34.3% from the May 31st total of 72,320 shares. Based on an average daily volume of 131,537 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Waterdrop

Large investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Waterdrop during the 2nd quarter worth $25,000. Sei Investments Co. acquired a new stake in Waterdrop during the 3rd quarter worth approximately $26,000. Russell Investments Group Ltd. bought a new position in Waterdrop in the third quarter valued at approximately $36,000. Centiva Capital LP bought a new position in Waterdrop in the third quarter valued at approximately $59,000. Finally, Ethos Financial Group LLC bought a new position in Waterdrop in the fourth quarter valued at approximately $73,000. Institutional investors own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings lowered shares of Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.00.

Waterdrop Price Performance

Waterdrop stock opened at $1.18 on Thursday. The firm has a market capitalization of $424.03 million, a price-to-earnings ratio of 5.60 and a beta of -0.12. The company’s 50 day simple moving average is $1.46 and its 200 day simple moving average is $1.66. Waterdrop has a fifty-two week low of $1.08 and a fifty-two week high of $2.18.

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

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.