Waterdrop Inc. (NYSE:WDH - Get Free Report) was the recipient 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. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 226,800 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On Waterdrop
A number of institutional investors have recently modified their holdings of WDH. IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop during the 4th quarter valued at $6,760,000. Baader Bank Aktiengesellschaft boosted its stake in shares of 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 buying an additional 1,192,092 shares during the period. Jane Street Group LLC acquired a new stake in shares of Waterdrop during the 4th quarter valued at $78,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of Waterdrop during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 1.96% of the company's stock.
Waterdrop Price Performance
NYSE WDH traded down $0.01 on Friday, hitting $1.53. 440,357 shares of the stock were exchanged, compared to its average volume of 272,970. Waterdrop has a 52-week low of $0.97 and a 52-week high of $1.57. The company has a market capitalization of $564.50 million, a price-to-earnings ratio of 12.71 and a beta of -0.26. The company's 50-day moving average price is $1.27 and its two-hundred day moving average price is $1.19.
Waterdrop Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Friday, April 11th. Waterdrop's dividend payout ratio (DPR) is currently 7.14%.
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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