Short Interest in Waterdrop Inc. (NYSE:WDH) Decreases By 46.3%

Waterdrop Inc. (NYSE:WDH) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 78,500 shares, a decline of 46.3% from the March 31st total of 146,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 257,300 shares, the short-interest ratio is currently 0.3 days.

Waterdrop Price Performance

WDH opened at $1.31 on Tuesday. The company has a market capitalization of $483.06 million, a price-to-earnings ratio of 10.88 and a beta of -0.38. Waterdrop has a 1-year low of $0.97 and a 1-year high of $1.57. The business has a 50 day moving average price of $1.32 and a two-hundred day moving average price of $1.22.

Waterdrop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 6.13%. Waterdrop’s dividend payout ratio is currently 21.43%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft increased its holdings in shares of Waterdrop by 1,198.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock valued at $1,524,000 after buying an additional 1,192,092 shares in the last quarter. IDG China Capital Fund III Associates L.P. acquired a new stake in Waterdrop during the 4th quarter valued at $6,760,000. Catalina Capital Group LLC acquired a new stake in Waterdrop during the 4th quarter valued at $27,000. Finally, Jane Street Group LLC acquired a new stake in Waterdrop during the 4th quarter valued at $78,000. Institutional investors own 1.96% of the company’s stock.

Waterdrop Company Profile

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.