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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 146,964 shares, a growth of 254.1% from the June 30th total of 41,509 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 140,090 shares, the days-to-cover ratio is currently 1.0 days.

Waterdrop Stock Up 0.4%

Shares of WDH traded up $0.01 during trading hours on Tuesday, reaching $1.16. 24,611 shares of the company traded hands, compared to its average volume of 229,356. Waterdrop has a 12 month low of $1.08 and a 12 month high of $2.18. The company’s fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.57. The company has a market capitalization of $416.82 million, a price-to-earnings ratio of 5.50 and a beta of -0.12.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently bought and sold shares of WDH. Invesco Ltd. purchased a new position in shares of Waterdrop during the second quarter valued at approximately $156,000. Marshall Wace LLP purchased a new stake in shares of Waterdrop in the 2nd quarter worth approximately $25,000. E Fund Management Co. Ltd. bought a new position in Waterdrop during the 2nd quarter valued at approximately $372,000. Russell Investments Group Ltd. purchased a new position in Waterdrop during the third quarter valued at $36,000. Finally, Sei Investments Co. purchased a new position in Waterdrop during the third quarter valued at $26,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.

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.