Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Down 51.0% in March

Key Points

• Short interest fell 51.0% in March to 111,400 shares as of March 31, leaving a short-interest ratio of just 0.4 days and approximately 0.0% of the stock reported as short sold.
• Waterdrop beat quarterly expectations, reporting $0.06 EPS versus a $0.04 consensus and revenue of $201.71 million versus $117.69 million, with a net margin of 14.28% and ROE of 11.34%.
• The company declared a $0.03 dividend (record date April 24, payable May 20), which the article states implies a 363.0% yield and a dividend payout ratio of 23.81%.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 111,400 shares, a drop of 51.0% from the March 15th total of 227,225 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 296,654 shares, the short-interest ratio is currently 0.4 days.

Waterdrop Stock Performance

Waterdrop stock opened at $1.71 on Friday. The firm's 50-day moving average is $1.73 and its 200-day moving average is $1.77. Waterdrop has a 1 year low of $1.19 and a 1 year high of $2.18. The company has a market cap of $618.03 million, a P/E ratio of 8.12 and a beta of -0.22.

Waterdrop (NYSE:WDH - Get Free Report) last posted its quarterly earnings results on Thursday, March 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%. The company had revenue of $201.71 million for the quarter, compared to the consensus estimate of $117.69 million.

Waterdrop Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th will be given a $0.03 dividend. This represents a dividend yield of 363.0%. The ex-dividend date is Friday, April 24th. Waterdrop's dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Waterdrop from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Boundless Plain Holdings Ltd bought a new position in shares of Waterdrop in the 4th quarter worth about $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new position in shares of Waterdrop in the 4th quarter worth about $538,000. E Fund Management Co. Ltd. bought a new position in shares of Waterdrop in the 2nd quarter worth about $372,000. Invesco Ltd. bought a new position in shares of Waterdrop in the 2nd quarter worth about $156,000. Finally, GSA Capital Partners LLP lifted its position in shares of Waterdrop by 91.0% in the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company's stock worth $87,000 after buying an additional 21,953 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors.

Waterdrop Company Profile

Waterdrop Inc NYSE: WDH is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.

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