Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Sees Large Drop in Short Interest

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 107,616 shares, a drop of 46.8% from the December 31st total of 202,324 shares. Based on an average daily volume of 368,399 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 368,399 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

WDH has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.00.

Waterdrop Stock Down 2.7%

WDH stock traded down $0.05 during trading on Friday, hitting $1.65. The company had a trading volume of 209,640 shares, compared to its average volume of 310,207. Waterdrop has a 52-week low of $1.08 and a 52-week high of $2.18. The company has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $1.79. The firm has a market capitalization of $596.28 million, a P/E ratio of 8.66 and a beta of -0.26.

Waterdrop (NYSE:WDH) last issued its earnings results on Wednesday, December 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The company had revenue of $136.93 million during the quarter, compared to the consensus estimate of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

Hedge Funds Weigh In On Waterdrop

Institutional investors have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop during the second quarter valued at about $372,000. E Fund Management Co. Ltd. purchased a new stake in shares of Waterdrop in the second quarter valued at approximately $372,000. Invesco Ltd. acquired a new position in shares of Waterdrop during the 2nd quarter worth approximately $156,000. NewEdge Advisors LLC purchased a new position in Waterdrop in the 3rd quarter valued at about $80,000. Finally, Ethos Financial Group LLC acquired a new stake in Waterdrop in the 4th quarter worth about $73,000. 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.