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

Key Points

• Waterdrop Inc. experienced a significant increase in short interest, rising by 1,115.6% from August to September, with current short interest totaling 155,600 shares.
• The company is currently trading at $1.89, down 2.3% from previous sessions, and has a market capitalization of $683.27 million.
• Waterdrop has declared a quarterly dividend of $0.03 per share, contributing to an annualized yield of 6.4%, with the dividend to be paid on November 7th.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 155,600 shares, a growth of 1,115.6% from the August 31st total of 12,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 416,200 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 416,200 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Waterdrop Stock Down 2.3%

WDH stock traded down $0.05 during mid-day trading on Tuesday, hitting $1.89. The company had a trading volume of 346,460 shares, compared to its average volume of 296,306. The company has a market capitalization of $683.27 million, a price-to-earnings ratio of 11.09 and a beta of -0.27. Waterdrop has a 12-month low of $0.97 and a 12-month high of $2.18. The company has a 50-day moving average price of $1.82 and a 200 day moving average price of $1.53.

Waterdrop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be paid a $0.03 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.12 annualized dividend and a yield of 6.4%. Waterdrop's payout ratio is presently 17.65%.

Institutional Trading of Waterdrop

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in Waterdrop in the 2nd quarter worth $25,000. Jane Street Group LLC purchased a new stake in Waterdrop in the 4th quarter worth $78,000. Invesco Ltd. purchased a new stake in Waterdrop in the 2nd quarter worth $156,000. E Fund Management Co. Ltd. purchased a new stake in shares of Waterdrop during the 2nd quarter valued at about $372,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop during the 2nd quarter valued at about $372,000. Hedge funds and other institutional investors own 1.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WDH shares. Wall Street Zen raised shares of Waterdrop from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. The Goldman Sachs Group downgraded shares of Waterdrop from a "buy" rating to a "neutral" rating and set a $2.00 target price for the company. in a report on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $2.00.

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.

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