Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Drops By 14.2%

Key Points

• Short interest fell 14.2% to 95,586 shares as of April 15, leaving a low days-to-cover ratio of about 0.6 days (MarketBeat reports 0.0% of shares sold short by percentage).
• Dividend announced: Waterdrop declared a $0.03 dividend payable May 20 with an ex-dividend date of April 24, which MarketBeat reports as a 356.0% yield and a 23.81% payout ratio.
• Analyst and results update: Wall Street Zen downgraded the stock to a "Hold" and the consensus price target is $2.00, even as Waterdrop beat quarterly estimates with $0.06 EPS (vs. $0.04 est.) and $201.7M revenue (vs. $117.7M est.).

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 95,586 shares, a drop of 14.2% from the March 31st total of 111,400 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 168,739 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $2.00.

Waterdrop Trading Up 0.3%

Shares of NYSE:WDH traded up $0.01 on Friday, reaching $1.69. The company had a trading volume of 77,888 shares, compared to its average volume of 259,690. Waterdrop has a 52-week low of $1.24 and a 52-week high of $2.18. The firm's 50 day simple moving average is $1.71 and its 200-day simple moving average is $1.75. The firm has a market capitalization of $610.78 million, a PE ratio of 8.02 and a beta of -0.22.

Waterdrop (NYSE:WDH - Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.The business had revenue of $201.71 million for the quarter, compared to the consensus estimate of $117.69 million.

Waterdrop Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th will be issued a $0.03 dividend. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop's dividend payout ratio (DPR) is currently 23.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. purchased a new position in shares of Waterdrop in the 3rd quarter valued at $26,000. Russell Investments Group Ltd. purchased a new position in Waterdrop during the 3rd quarter worth $36,000. Marshall Wace LLP purchased a new position in Waterdrop during the 2nd quarter worth $25,000. Centiva Capital LP purchased a new position in Waterdrop during the 3rd quarter worth $59,000. Finally, Ethos Financial Group LLC purchased a new position in Waterdrop during the 4th quarter worth $73,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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