Waterdrop Inc. (NYSE:WDH) Sees Significant Decrease in Short Interest

Waterdrop Inc. (NYSE:WDH) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 77,100 shares, a decline of 41.9% from the February 28th total of 132,600 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 271,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Waterdrop

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft boosted its stake in Waterdrop by 1,198.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock valued at $1,524,000 after purchasing an additional 1,192,092 shares during the period. IDG China Capital Fund III Associates L.P. acquired a new position in shares of Waterdrop during the fourth quarter worth approximately $6,760,000. Catalina Capital Group LLC acquired a new position in shares of Waterdrop during the fourth quarter worth approximately $27,000. Finally, Jane Street Group LLC bought a new stake in shares of Waterdrop in the fourth quarter valued at approximately $78,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Stock Performance

WDH opened at $1.31 on Monday. The firm has a market cap of $483.06 million, a P/E ratio of 10.88 and a beta of -0.26. The business has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.20. Waterdrop has a twelve month low of $0.97 and a twelve month high of $1.57.

Waterdrop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 11th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop’s dividend payout ratio is 21.43%.

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.