Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Sees Significant Drop in Short Interest

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 47,528 shares, a drop of 34.3% from the May 31st total of 72,320 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 131,537 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WDH. Boundless Plain Holdings Ltd acquired a new position in Waterdrop during the 4th quarter worth $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new stake in shares of Waterdrop during the fourth quarter worth $538,000. E Fund Management Co. Ltd. acquired a new position in shares of Waterdrop during the second quarter valued at $372,000. Invesco Ltd. acquired a new position in shares of Waterdrop during the second quarter valued at $156,000. Finally, Renaissance Technologies LLC bought a new position in Waterdrop in the first quarter valued at about $94,000. Institutional investors own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

WDH has been the topic of several recent analyst reports. Weiss Ratings downgraded Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a report on Sunday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Stock Up 4.0%

Shares of NYSE:WDH opened at $1.18 on Thursday. Waterdrop has a 12 month low of $1.08 and a 12 month high of $2.18. The company’s 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.66. The firm has a market cap of $424.03 million, a P/E ratio of 5.60 and a beta of -0.12.

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

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.