Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Up 70.3% in August

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 245,104 shares, a growth of 70.3% from the July 30th total of 143,945 shares. Based on an average daily trading volume, of 254,506 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Waterdrop

A number of hedge funds have recently made changes to their positions in WDH. Boundless Plain Holdings Ltd acquired a new position in Waterdrop during the 4th quarter worth $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new stake in shares of Waterdrop during the fourth quarter valued at about $538,000. E Fund Management Co. Ltd. acquired a new stake in Waterdrop in the second quarter worth about $372,000. Invesco Ltd. bought a new position in Waterdrop in the 2nd quarter valued at about $156,000. Finally, Renaissance Technologies LLC bought a new position in Waterdrop in the 1st quarter valued at about $94,000. Institutional investors own 1.96% of the company’s stock.

Waterdrop Price Performance

Shares of WDH remained flat at $0.98 during midday trading on Tuesday. 164,657 shares of the stock traded hands, compared to its average volume of 225,891. Waterdrop has a 52 week low of $0.96 and a 52 week high of $2.18. The company has a market capitalization of $355.47 million, a price-to-earnings ratio of 4.69 and a beta of -0.09. The company’s fifty day simple moving average is $1.10 and its 200 day simple moving average is $1.44.

Waterdrop (NYSE:WDH) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.04 earnings per share for the quarter. The business 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings lowered Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.00.

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.