Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Stock Short Interest Report for September

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 123,824 shares, a decline of 37.4% from the September 15th total of 197,781 shares. Based on an average daily volume of 569,446 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Waterdrop Stock Performance

NYSE:WDH opened at $1.01 on Friday. The company has a market cap of $366.29 million, a price-to-earnings ratio of 4.83 and a beta of -0.24. Waterdrop has a fifty-two week low of $0.96 and a fifty-two week high of $2.03. The stock has a fifty day moving average price of $1.02 and a 200-day moving average price of $1.27.

Waterdrop (NYSE:WDH) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.05 EPS for the quarter. The company had revenue of $213.16 million for the quarter. Waterdrop had a return on equity of 10.47% and a net margin of 10.69%.

Waterdrop Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.03 per share. This represents a yield of 580.0%. The ex-dividend date is Friday, October 9th. Waterdrop’s dividend payout ratio is presently 23.81%.

Hedge Funds Weigh In On Waterdrop

A hedge fund recently bought a new position in Waterdrop stock. Renaissance Technologies LLC purchased a new position in shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,957 shares of the company’s stock, valued at approximately $94,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings downgraded shares of Waterdrop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a technology platform focused on healthcare and insurance services in China. The company connects consumers with insurance products through its online insurance marketplace, which uses digital tools and data-driven technology to help individuals compare and purchase health and other protection products.

Waterdrop also operates a medical crowdfunding platform that helps individuals and families raise funds for medical expenses. Through its technology infrastructure, the company provides online services intended to facilitate fundraising, donations and related support for users facing significant healthcare costs.

Founded in 2016, Waterdrop was established by Shen Peng, who serves as the company’s chief executive officer.