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

Waterdrop Inc. (NYSE:WDH - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 78,500 shares, a decrease of 46.3% from the March 31st total of 146,300 shares. Based on an average trading volume of 257,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Waterdrop Stock Performance

Shares of WDH traded down $0.01 during mid-day trading on Friday, reaching $1.33. The company had a trading volume of 177,464 shares, compared to its average volume of 260,709. The company's 50 day simple moving average is $1.32 and its 200 day simple moving average is $1.23. The company has a market capitalization of $490.46 million, a price-to-earnings ratio of 11.04 and a beta of -0.38. Waterdrop has a 1-year low of $0.97 and a 1-year high of $1.57.

Waterdrop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 6.04%. Waterdrop's payout ratio is presently 21.43%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WDH. Baader Bank Aktiengesellschaft grew its position in Waterdrop by 1,198.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company's stock worth $1,524,000 after acquiring an additional 1,192,092 shares during the last quarter. Catalina Capital Group LLC bought a new stake in shares of Waterdrop during the fourth quarter worth about $27,000. IDG China Capital Fund III Associates L.P. acquired a new position in shares of Waterdrop in the fourth quarter valued at approximately $6,760,000. Finally, Jane Street Group LLC bought a new position in Waterdrop in the 4th quarter valued at approximately $78,000. 1.96% of the stock is currently owned by institutional investors.

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.