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

Key Points

• Short interest surged 70.3% to 245,104 shares as of August 14, representing about 0.1% of Waterdrop’s shares and a days-to-cover ratio of 1.0.
• Institutional ownership remains limited at 1.96%, though several firms initiated positions and Arrowstreet Capital increased its holdings by 184% during the third quarter.
• Waterdrop shares traded near $0.99, close to their 52-week low, while analysts maintain a consensus “Hold” rating with a $2.00 price target.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 245,104 shares, an increase of 70.3% from the July 30th total of 143,945 shares. Based on an average daily volume of 254,506 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company's shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WDH. Sei Investments Co. bought a new stake in shares of Waterdrop during the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new position in Waterdrop in the third quarter valued at approximately $36,000. Marshall Wace LLP acquired a new position in Waterdrop in the second quarter valued at approximately $25,000. Centiva Capital LP bought a new position in shares of Waterdrop during the 3rd quarter worth approximately $59,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company's stock worth $74,000 after buying an additional 25,510 shares in the last quarter. 1.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen lowered Waterdrop from a "buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings lowered Waterdrop from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Waterdrop currently has a consensus rating of "Hold" and a consensus price target of $2.00.

Waterdrop Stock Performance

Shares of NYSE:WDH traded down $0.01 during trading on Monday, reaching $0.99. The stock had a trading volume of 175,262 shares, compared to its average volume of 226,290. Waterdrop has a 52 week low of $0.96 and a 52 week high of $2.18. The firm's fifty day moving average is $1.10 and its 200 day moving average is $1.44. The stock has a market cap of $355.65 million, a price-to-earnings ratio of 4.69 and a beta of -0.09.

Waterdrop (NYSE:WDH - Get Free Report) last announced its earnings results on Wednesday, June 17th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $180.17 million during the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%.

Waterdrop Company Profile

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.

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