Short Interest in Waterdrop Inc. (NYSE:WDH) Expands By 89.8%

Waterdrop Inc. (NYSE:WDH - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 146,300 shares, an increase of 89.8% from the March 15th total of 77,100 shares. Based on an average daily trading volume, of 249,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company's stock are short sold.

Waterdrop Stock Down 2.4 %

Waterdrop stock traded down $0.03 during mid-day trading on Monday, reaching $1.20. 147,308 shares of the company's stock were exchanged, compared to its average volume of 267,618. The company has a fifty day moving average of $1.33 and a 200-day moving average of $1.23. The company has a market cap of $444.19 million, a P/E ratio of 10.00 and a beta of -0.38. Waterdrop has a twelve month low of $0.97 and a twelve month high of $1.57.

Waterdrop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, April 11th. This represents a $0.08 annualized dividend and a yield of 6.67%. Waterdrop's payout ratio is 21.43%.

Institutional Investors Weigh In On Waterdrop

Hedge funds have recently bought and sold shares of the stock. Catalina Capital Group LLC acquired a new stake in Waterdrop in the fourth quarter valued at $27,000. Jane Street Group LLC purchased a new position in Waterdrop in the fourth quarter valued at approximately $78,000. Baader Bank Aktiengesellschaft increased its stake in 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 purchasing an additional 1,192,092 shares during the last quarter. Finally, IDG China Capital Fund III Associates L.P. purchased a new stake in shares of Waterdrop during the 4th quarter worth approximately $6,760,000. Institutional investors and hedge funds own 1.96% of the company's stock.

About Waterdrop

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.