Tuya Inc. (NYSE:TUYA) Sees Significant Increase in Short Interest

Tuya Inc. (NYSE:TUYA) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 3,730,000 shares, a growth of 95.3% from the February 28th total of 1,910,000 shares. Based on an average trading volume of 3,810,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.8% of the shares of the stock are short sold.

Tuya Stock Performance

Shares of NYSE:TUYA traded down $0.27 on Friday, hitting $3.17. The stock had a trading volume of 2,141,157 shares, compared to its average volume of 1,478,183. The firm’s 50 day moving average price is $3.21 and its 200-day moving average price is $2.20. Tuya has a twelve month low of $1.28 and a twelve month high of $4.63. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -105.50 and a beta of 0.39.

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

Tuya Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be given a $0.0608 dividend. The ex-dividend date is Thursday, March 13th. This represents a yield of 6.1%. Tuya’s payout ratio is 400.00%.

Institutional Trading of Tuya

Large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its position in Tuya by 497.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company’s stock worth $3,838,000 after buying an additional 1,784,940 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Tuya in the fourth quarter worth about $2,292,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Tuya by 141.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company’s stock worth $2,739,000 after purchasing an additional 896,605 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Tuya by 2,493.1% during the third quarter. Jane Street Group LLC now owns 691,655 shares of the company’s stock valued at $1,141,000 after purchasing an additional 664,982 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Tuya by 423.9% in the fourth quarter. Two Sigma Investments LP now owns 784,622 shares of the company’s stock valued at $1,404,000 after purchasing an additional 634,849 shares in the last quarter. Institutional investors own 11.47% of the company’s stock.

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.