Tuya Inc. (NYSE:TUYA) Short Interest Down 16.6% in March

Tuya Inc. (NYSE:TUYA) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,110,000 shares, a decrease of 16.6% from the March 15th total of 3,730,000 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 4,130,000 shares, the days-to-cover ratio is currently 0.8 days.

Tuya Stock Performance

Shares of NYSE TUYA opened at $1.95 on Monday. The company has a market cap of $1.05 billion, a PE ratio of -64.83 and a beta of 0.43. The firm’s 50 day moving average price is $3.11 and its 200-day moving average price is $2.29. Tuya has a 52-week low of $1.28 and a 52-week high of $4.63.

Tuya (NYSE:TUYA) last posted its quarterly earnings results 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 business had revenue of $82.06 million during the quarter, compared to analysts’ expectations of $81.40 million.

Tuya Dividend Announcement

The company also recently declared a — dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.0608 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya’s payout ratio is 400.00%.

Institutional Trading of Tuya

Several large investors have recently modified their holdings of TUYA. Public Employees Retirement System of Ohio grew its stake in shares of Tuya by 88.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 249,459 shares of the company’s stock valued at $447,000 after purchasing an additional 117,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Tuya by 60.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 560,101 shares of the company’s stock worth $1,003,000 after purchasing an additional 209,985 shares during the period. Wexford Capital LP purchased a new position in Tuya during the fourth quarter valued at $341,000. Two Sigma Advisers LP grew its holdings in Tuya by 250.7% during the fourth quarter. Two Sigma Advisers LP now owns 404,300 shares of the company’s stock valued at $724,000 after purchasing an additional 289,000 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Tuya by 423.9% during 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 during the period. 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.