Waterdrop Inc. (NYSE:WDH) Short Interest Down 46.3% in April

Waterdrop Inc. (NYSE:WDH - Get Free Report) was the recipient of a large 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 257,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

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

Waterdrop Price Performance

Waterdrop stock traded down $0.01 during mid-day trading on Friday, hitting $1.33. 177,464 shares of the company were exchanged, compared to its average volume of 259,907. Waterdrop has a 12-month low of $0.97 and a 12-month high of $1.57. The business's 50 day simple moving average is $1.32 and its two-hundred day simple moving average is $1.23. The company has a market capitalization of $490.46 million, a P/E ratio of 11.04 and a beta of -0.38.

Waterdrop Dividend Announcement

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

Waterdrop Company Profile

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.