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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 146,964 shares, an increase of 254.1% from the June 30th total of 41,509 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 140,090 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings cut Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Waterdrop presently has an average rating of “Hold” and a consensus price target of $2.00.

Institutional Investors Weigh In On Waterdrop

Several hedge funds have recently added to or reduced their stakes in WDH. Boundless Plain Holdings Ltd acquired a new position in shares of Waterdrop in the 4th quarter valued at about $21,936,000. Ethos Financial Group LLC acquired a new stake in Waterdrop during the fourth quarter worth about $73,000. SmartHarvest Portfolios LLC acquired a new stake in Waterdrop during the fourth quarter worth about $86,000. NewEdge Advisors LLC purchased a new position in Waterdrop during the third quarter valued at approximately $80,000. Finally, Centiva Capital LP purchased a new position in Waterdrop during the third quarter valued at approximately $59,000. 1.96% of the stock is owned by hedge funds and other institutional investors.

Waterdrop Stock Performance

NYSE WDH traded down $0.03 during trading hours on Friday, reaching $1.12. The stock had a trading volume of 153,264 shares, compared to its average volume of 141,718. Waterdrop has a 52-week low of $1.08 and a 52-week high of $2.18. The stock has a fifty day moving average of $1.31 and a 200 day moving average of $1.58. The stock has a market cap of $405.99 million, a P/E ratio of 5.36 and a beta of -0.12.

Waterdrop (NYSE:WDH) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $180.17 million during the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%.

About Waterdrop

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.