Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Update

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 202,324 shares, an increase of 21.7% from the December 15th total of 166,298 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 488,147 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 488,147 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Waterdrop

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. bought a new stake in Waterdrop during the 2nd quarter valued at $372,000. Invesco Ltd. bought a new position in shares of Waterdrop in the second quarter worth $156,000. Marshall Wace LLP acquired a new position in shares of Waterdrop during the second quarter valued at $25,000. E Fund Management Co. Ltd. bought a new stake in shares of Waterdrop during the second quarter valued at about $372,000. Finally, GSA Capital Partners LLP lifted its holdings in Waterdrop by 91.0% in the third quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock worth $87,000 after purchasing an additional 21,953 shares during the period. 1.96% of the stock is owned by institutional investors.

Waterdrop Stock Performance

Shares of Waterdrop stock traded down $0.01 during trading on Monday, hitting $1.79. 217,672 shares of the stock were exchanged, compared to its average volume of 354,323. Waterdrop has a 12 month low of $1.08 and a 12 month high of $2.18. The stock’s fifty day moving average is $1.79 and its 200 day moving average is $1.78. The stock has a market cap of $647.03 million, a PE ratio of 9.40 and a beta of -0.26.

Waterdrop (NYSE:WDH) last issued its quarterly earnings data 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). Waterdrop had a net margin of 15.58% and a return on equity of 9.99%. The firm had revenue of $136.93 million during the quarter, compared to the consensus estimate of $859.05 million.

Analysts Set New Price Targets

WDH has been the subject of several recent research reports. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group cut shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a report on Monday, September 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus 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.