Waterdrop Inc. (NYSE:WDH - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 80,400 shares, an increase of 56.7% from the April 30th total of 51,300 shares. Based on an average trading volume of 253,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold.
Analyst Ratings Changes
Separately, Wall Street Zen raised Waterdrop from a "hold" rating to a "buy" rating in a research report on Friday.
Check Out Our Latest Research Report on Waterdrop
Waterdrop Stock Performance
WDH stock traded down $0.02 during midday trading on Tuesday, reaching $1.48. The stock had a trading volume of 163,659 shares, compared to its average volume of 234,641. The firm has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.26. Waterdrop has a 52-week low of $0.97 and a 52-week high of $1.57. The stock has a market cap of $536.47 million, a PE ratio of 12.33 and a beta of -0.36.
Waterdrop Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend was Friday, April 11th. Waterdrop's payout ratio is 21.43%.
Institutional Trading of Waterdrop
A number of institutional investors have recently made changes to their positions in the company. Catalina Capital Group LLC purchased a new position in Waterdrop during the fourth quarter worth 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 raised its holdings in shares of Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after acquiring an additional 369,325 shares during the period. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop during the 4th quarter worth $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.
About Waterdrop
(
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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.
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