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

Waterdrop Inc. (NYSE:WDHGet Free Report) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 271,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Waterdrop

A number of hedge funds have recently modified their holdings of the stock. IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop in the fourth quarter valued at $6,760,000. Baader Bank Aktiengesellschaft lifted its holdings in shares of 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 acquiring an additional 1,192,092 shares during the period. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the 4th quarter valued at $78,000. Finally, Catalina Capital Group LLC bought a new stake in shares of Waterdrop in the 4th quarter worth about $27,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Stock Performance

NYSE:WDH opened at $1.31 on Monday. The company has a 50-day moving average of $1.30 and a 200-day moving average of $1.20. Waterdrop has a 52 week low of $0.97 and a 52 week high of $1.57. The company has a market capitalization of $483.06 million, a price-to-earnings ratio of 10.88 and a beta of -0.26.

Waterdrop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 11th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 6.13%. Waterdrop’s dividend payout ratio is currently 21.43%.

About Waterdrop

(Get Free Report)

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.

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