Short Interest in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Drops By 83.1%

Key Points

• Waterdrop Inc. (NYSE:WDH) experienced a significant decrease in short interest, dropping 83.1% to 12,800 shares as of August 31st.
• The company announced a quarterly dividend of $0.03 per share, resulting in an annualized yield of 6.3%, with the ex-dividend date set for October 10th.
• Analyst ratings for Waterdrop changed, with a downgrade from a "buy" to a "hold" rating reported on July 26th.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 12,800 shares, a drop of 83.1% from the August 15th total of 75,800 shares. Based on an average daily volume of 377,300 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 377,300 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Wall Street Zen raised Waterdrop from a "hold" rating to a "buy" rating in a research report on Saturday.

Waterdrop Trading Down 0.3%

NYSE WDH traded down $0.01 during trading hours on Tuesday, reaching $1.90. The company's stock had a trading volume of 591,447 shares, compared to its average volume of 280,875. The business has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $1.49. The stock has a market cap of $686.89 million, a PE ratio of 11.15 and a beta of -0.27. Waterdrop has a 52 week low of $0.97 and a 52 week high of $2.18.

Waterdrop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be given a $0.03 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.12 annualized dividend and a yield of 6.3%. Waterdrop's payout ratio is 23.53%.

Hedge Funds Weigh In On Waterdrop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Waterdrop during the 2nd quarter worth approximately $25,000. Jane Street Group LLC purchased a new position in Waterdrop during the 4th quarter worth approximately $78,000. Invesco Ltd. purchased a new position in Waterdrop during the 2nd quarter worth approximately $156,000. E Fund Management Co. Ltd. purchased a new position in Waterdrop during the 2nd quarter worth approximately $372,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Waterdrop during the 2nd quarter worth approximately $372,000. 1.96% of the stock is currently owned by hedge funds and other 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.