Short Interest in Waterdrop Inc. (NYSE:WDH) Decreases By 16.4%

Waterdrop Inc. (NYSE:WDH) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 132,600 shares, a decline of 16.4% from the February 13th total of 158,600 shares. Based on an average daily trading volume, of 226,800 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Waterdrop Price Performance

NYSE:WDH traded down $0.01 during trading hours on Thursday, hitting $1.44. The stock had a trading volume of 183,810 shares, compared to its average volume of 272,047. The company has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.18. Waterdrop has a one year low of $0.97 and a one year high of $1.57. The firm has a market capitalization of $531.18 million, a price-to-earnings ratio of 11.96 and a beta of -0.26.

Waterdrop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop’s dividend payout ratio is currently 7.14%.

Institutional Trading of Waterdrop

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

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.