Short Interest in Waterdrop Inc. (NYSE:WDH) Declines By 26.5%

Waterdrop Inc. (NYSE:WDH) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 167,400 shares, a decrease of 26.5% from the January 15th total of 227,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 200,700 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in Waterdrop during the fourth quarter worth about $78,000. IDG China Capital Fund III Associates L.P. bought a new position in Waterdrop during the fourth quarter worth about $6,760,000. Catalina Capital Group LLC bought a new position in shares of Waterdrop in the fourth quarter valued at approximately $27,000. Finally, Baader Bank Aktiengesellschaft lifted its position in Waterdrop by 1,198.2% during the fourth 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 last quarter. Institutional investors and hedge funds own 1.96% of the company’s stock.

Waterdrop Price Performance

WDH stock traded up $0.08 during trading on Friday, reaching $1.35. 484,150 shares of the company were exchanged, compared to its average volume of 93,325. The company has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.14. The company has a market capitalization of $497.87 million, a price-to-earnings ratio of 11.21 and a beta of -0.25. Waterdrop has a twelve month low of $0.97 and a twelve month high of $1.53.

Waterdrop (NYSE:WDH) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.05 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 11.69% and a return on equity of 7.02%.

Waterdrop Company Profile

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.