Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Update

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 large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 12,800 shares, a decrease of 83.1% from the August 15th total of 75,800 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 377,300 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 377,300 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Institutional Investors Weigh In On Waterdrop

A number of large investors have recently added to or reduced their stakes in WDH. Marshall Wace LLP bought a new stake in Waterdrop during the second quarter worth approximately $25,000. Jane Street Group LLC bought a new stake in Waterdrop during the fourth quarter worth approximately $78,000. Invesco Ltd. bought a new stake in Waterdrop during the second quarter worth approximately $156,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop during the second quarter worth approximately $372,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Waterdrop during the second quarter worth approximately $372,000. Institutional investors own 1.96% of the company's stock.

Waterdrop Price Performance

NYSE:WDH traded up $0.02 during mid-day trading on Thursday, reaching $1.89. The stock had a trading volume of 302,527 shares, compared to its average volume of 275,168. The business's 50 day moving average is $1.71 and its 200 day moving average is $1.47. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $2.18. The stock has a market cap of $685.09 million, a P/E ratio of 11.11 and a beta of -0.27.

Waterdrop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.12 dividend on an annualized basis and a yield of 6.3%. Waterdrop's dividend payout ratio is presently 17.65%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

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.

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