Waterdrop Inc. (NYSE:WDH) Short Interest Up 89.8% in March

Waterdrop Inc. (NYSE:WDH) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 146,300 shares, an increase of 89.8% from the March 15th total of 77,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 249,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WDH. Catalina Capital Group LLC bought a new position in Waterdrop in the 4th quarter valued at approximately $27,000. Jane Street Group LLC bought a new position in shares of Waterdrop during the fourth quarter valued at $78,000. Baader Bank Aktiengesellschaft lifted its holdings in shares of Waterdrop by 1,198.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after purchasing an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop in the fourth quarter worth $6,760,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.

Waterdrop Price Performance

NYSE WDH traded down $0.01 on Friday, reaching $1.24. The stock had a trading volume of 55,110 shares, compared to its average volume of 268,364. Waterdrop has a 1-year low of $0.97 and a 1-year high of $1.57. The company has a market cap of $457.15 million, a P/E ratio of 10.29 and a beta of -0.38. The firm has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.23.

Waterdrop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.08 annualized dividend and a yield of 6.48%. Waterdrop’s dividend payout ratio is 21.43%.

About Waterdrop

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.