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

Waterdrop Inc. (NYSE:WDH - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 80,400 shares, a growth of 56.7% from the April 30th total of 51,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 253,500 shares, the days-to-cover ratio is presently 0.3 days.

Waterdrop Stock Performance

Shares of WDH traded down $0.04 during trading hours on Thursday, hitting $1.47. The stock had a trading volume of 260,219 shares, compared to its average volume of 234,272. The firm has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.27. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $1.59. The firm has a market capitalization of $531.03 million, a price-to-earnings ratio of 12.21 and a beta of -0.29.

Waterdrop (NYSE:WDH - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.24). Waterdrop had a return on equity of 7.02% and a net margin of 11.69%.

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. This represents a $0.08 annualized dividend and a yield of 5.46%. The ex-dividend date was Friday, April 11th. Waterdrop's dividend payout ratio (DPR) is presently 21.43%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WDH. IDG China Capital Fund III Associates L.P. purchased a new stake in shares of Waterdrop in the 4th quarter valued at $6,760,000. Baader Bank Aktiengesellschaft raised its holdings in shares of Waterdrop by 28.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after buying an additional 369,325 shares during the period. Jane Street Group LLC purchased a new stake in shares of Waterdrop in the 4th quarter valued at $78,000. Finally, Catalina Capital Group LLC purchased a new position in shares of Waterdrop in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors 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.