Tuya Inc. (NYSE:TUYA) Short Interest Update

Tuya Inc. (NYSE:TUYA) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,730,000 shares, an increase of 95.3% from the February 28th total of 1,910,000 shares. Based on an average daily volume of 3,810,000 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the company’s shares are sold short.

Tuya Price Performance

Shares of NYSE TUYA traded down $0.27 during mid-day trading on Friday, hitting $3.17. The company’s stock had a trading volume of 2,141,157 shares, compared to its average volume of 1,478,183. Tuya has a one year low of $1.28 and a one year high of $4.63. The company’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $2.20. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -105.50 and a beta of 0.39.

Tuya (NYSE:TUYA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $82.06 million during the quarter, compared to the consensus estimate of $81.40 million. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.

Tuya Dividend Announcement

The business also recently announced a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0608 per share. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. Tuya’s dividend payout ratio (DPR) is currently 400.00%.

Institutional Trading of Tuya

Hedge funds have recently modified their holdings of the company. Catalina Capital Group LLC bought a new stake in Tuya in the fourth quarter valued at approximately $29,000. Boothbay Fund Management LLC grew its holdings in shares of Tuya by 46.0% in the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock valued at $36,000 after buying an additional 6,300 shares during the period. Virtu Financial LLC bought a new stake in shares of Tuya in the 4th quarter valued at $40,000. Numerai GP LLC acquired a new stake in Tuya during the 4th quarter worth $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Tuya by 157.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock worth $52,000 after acquiring an additional 17,877 shares in the last quarter. 11.47% of the stock is currently owned by institutional investors and hedge funds.

About Tuya

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.