Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Short Interest Down 56.9% in September

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 67,100 shares, a decline of 56.9% from the September 15th total of 155,600 shares. Based on an average trading volume of 473,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 473,500 shares, the short-interest ratio is currently 0.1 days.Analysts Set New Price TargetsWDH has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut Waterdrop from a "buy" rating to a "neutral" rating and set a $2.00 target price on the stock. in a research report on Monday, September 29th. Wall Street Zen cut Waterdrop from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Waterdrop in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.00.Read Our Latest Research Report on WDHInstitutional Trading of WaterdropSeveral hedge funds and other institutional investors have recently made changes to their positions in WDH. Marshall Wace LLP bought a new stake in shares of Waterdrop during the second quarter worth about $25,000. Invesco Ltd. bought a new stake in Waterdrop in the second quarter valued at approximately $156,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop in the second quarter valued at approximately $372,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Waterdrop in the second quarter valued at approximately $372,000. Finally, Baader Bank Aktiengesellschaft boosted its holdings in Waterdrop by 28.6% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after acquiring an additional 369,325 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors. Waterdrop Trading Up 0.3%NYSE:WDH opened at $1.79 on Friday. The stock has a market cap of $647.03 million, a P/E ratio of 10.50 and a beta of -0.25. The stock's 50-day moving average is $1.85 and its 200-day moving average is $1.57. Waterdrop has a 1-year low of $0.97 and a 1-year high of $2.18. Waterdrop Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, October 10th. Waterdrop's payout ratio is 29.41%. 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.Featured StoriesFive stocks we like better than WaterdropCD Calculator: Certificate of Deposit Calculator Johnson & Johnson's M&A Strategy Is the Real Story for InvestorsHow to buy stock: A step-by-step guide for beginners Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?Investing in Travel Stocks BenefitsHedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Waterdrop Right Now?Before you consider Waterdrop, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waterdrop wasn't on the list.While Waterdrop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here