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

Waterdrop Inc. (NYSE:WDH) saw a large decrease in short interest in the month of 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. Based on an average daily trading volume, of 200,700 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WDH. IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop during the fourth quarter worth $6,760,000. Baader Bank Aktiengesellschaft grew 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 buying an additional 1,192,092 shares during the period. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter valued at about $78,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Waterdrop Trading Up 6.3 %

Shares of Waterdrop stock traded up $0.08 during trading on Friday, hitting $1.35. 484,150 shares of the stock traded hands, compared to its average volume of 93,325. The firm has a market cap of $497.87 million, a P/E ratio of 11.21 and a beta of -0.25. Waterdrop has a 52-week low of $0.97 and a 52-week high of $1.53. The stock’s fifty day simple moving average is $1.19 and its 200 day simple moving average is $1.14.

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

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.