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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 174,553 shares, a growth of 62.2% from the January 15th total of 107,616 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 273,035 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 273,035 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.00.

Institutional Investors Weigh In On Waterdrop

A number of large investors have recently made changes to their positions in WDH. GSA Capital Partners LLP boosted its holdings in Waterdrop by 91.0% in the third quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after acquiring an additional 21,953 shares in the last quarter. Ethos Financial Group LLC bought a new stake in shares of Waterdrop during the 4th quarter valued at about $73,000. Boundless Plain Holdings Ltd purchased a new position in shares of Waterdrop during the fourth quarter valued at about $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new stake in Waterdrop during the 4th quarter valued at approximately $538,000. Finally, SmartHarvest Portfolios LLC purchased a new position in shares of Waterdrop during the 4th quarter worth approximately $86,000. 1.96% of the stock is currently owned by institutional investors.

Waterdrop Trading Down 0.3%

WDH stock traded down $0.01 during midday trading on Friday, hitting $1.77. The company had a trading volume of 84,982 shares, compared to its average volume of 305,965. The stock has a market cap of $639.78 million, a price-to-earnings ratio of 9.29 and a beta of -0.26. Waterdrop has a 52 week low of $1.10 and a 52 week high of $2.18. The stock’s 50 day moving average price is $1.81 and its 200 day moving average price is $1.80.

Waterdrop (NYSE:WDH) last issued its earnings results on Wednesday, December 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.21). The firm had revenue of $136.93 million during the quarter, compared to analysts’ expectations of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

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.