Waterdrop Inc. (NYSE:WDH) Sees Large Drop in Short Interest

Waterdrop Inc. (NYSE:WDH) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 132,600 shares, a decrease of 16.4% from the February 13th total of 158,600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 226,800 shares, the days-to-cover ratio is currently 0.6 days.

Waterdrop Stock Performance

Waterdrop stock traded up $0.05 during mid-day trading on Wednesday, hitting $1.44. The company’s stock had a trading volume of 348,960 shares, compared to its average volume of 272,478. The company has a 50 day moving average of $1.25 and a 200-day moving average of $1.18. The stock has a market cap of $531.18 million, a PE ratio of 11.96 and a beta of -0.26. Waterdrop has a one year low of $0.97 and a one year high of $1.57.

Waterdrop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 5.57%. The ex-dividend date is Friday, April 11th. Waterdrop’s dividend payout ratio (DPR) is presently 7.14%.

Hedge Funds Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Waterdrop during the 4th quarter worth $78,000. IDG China Capital Fund III Associates L.P. bought a new position in shares of Waterdrop during the 4th quarter worth $6,760,000. Catalina Capital Group LLC bought a new position in shares of Waterdrop during the 4th quarter worth $27,000. Finally, Baader Bank Aktiengesellschaft grew its position in shares of Waterdrop by 1,198.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after buying an additional 1,192,092 shares in the last quarter. Institutional investors own 1.96% of the company’s stock.

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.