Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Shares Shorted: Short Interest Down 37.4% in September

Key Points

• Short interest fell 37.4% to 123,824 shares as of September 30, representing 0.0% of shares outstanding and only 0.2 days of average trading volume.
• Analyst sentiment remains negative: Weiss Ratings downgraded Waterdrop to “sell,” while the stock carries an overall “Sell” rating based on one analyst’s assessment.
• WDH traded near $1.02, close to its 12-month low, despite reporting $0.05 quarterly EPS on $213.16 million in revenue. The company also announced a $0.03 dividend, with a stated 580% yield and a 23.81% payout ratio.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 123,824 shares, a decline of 37.4% from the September 15th total of 197,781 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 569,446 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WDH shares. Weiss Ratings lowered Waterdrop from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, October 2nd. Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of "Sell".

Waterdrop Stock Performance

Shares of WDH stock traded up $0.01 during midday trading on Friday, reaching $1.02. 151,335 shares of the company were exchanged, compared to its average volume of 317,657. Waterdrop has a 12 month low of $0.96 and a 12 month high of $2.03. The company has a market cap of $369.90 million, a P/E ratio of 4.88 and a beta of -0.24. The company's 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.27.

Waterdrop (NYSE:WDH - Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 10.69% and a return on equity of 10.47%. The business had revenue of $213.16 million during the quarter.

Waterdrop Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 9th will be given a $0.03 dividend. This represents a yield of 580.0%. The ex-dividend date is Friday, October 9th. Waterdrop's dividend payout ratio is 23.81%.

Hedge Funds Weigh In On Waterdrop

An institutional investor recently bought a new position in Waterdrop stock. Renaissance Technologies LLC purchased a new stake in Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 57,957 shares of the company's stock, valued at approximately $94,000. 1.96% of the stock is owned by institutional investors.

About Waterdrop

Waterdrop Inc NYSE: WDH is a technology platform focused on healthcare and insurance services in China. The company connects consumers with insurance products through its online insurance marketplace, which uses digital tools and data-driven technology to help individuals compare and purchase health and other protection products.

Waterdrop also operates a medical crowdfunding platform that helps individuals and families raise funds for medical expenses. Through its technology infrastructure, the company provides online services intended to facilitate fundraising, donations and related support for users facing significant healthcare costs.

Founded in 2016, Waterdrop was established by Shen Peng, who serves as the company's chief executive officer.

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