Short Interest in Tuya Inc. (NYSE:TUYA) Increases By 49.6%

Tuya Inc. (NYSE:TUYA) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,750,000 shares, an increase of 49.6% from the January 31st total of 1,170,000 shares. Based on an average daily volume of 2,900,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Catalina Capital Group LLC acquired a new stake in Tuya during the fourth quarter worth about $29,000. Boothbay Fund Management LLC lifted its position 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 worth $36,000 after acquiring an additional 6,300 shares during the period. Virtu Financial LLC bought a new stake in shares of Tuya during the fourth quarter valued at approximately $40,000. Numerai GP LLC bought a new stake in shares of Tuya during the fourth quarter valued at approximately $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tuya by 157.9% in 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 purchasing an additional 17,877 shares during the period. Institutional investors own 11.47% of the company’s stock.

Tuya Stock Performance

Shares of Tuya stock traded up $0.05 during trading on Tuesday, reaching $3.27. The company’s stock had a trading volume of 3,936,366 shares, compared to its average volume of 4,384,577. Tuya has a one year low of $1.28 and a one year high of $4.63. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -108.83 and a beta of 0.48. The business’s fifty day moving average price is $2.49 and its 200-day moving average price is $1.92.

Tuya (NYSE:TUYA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $81.40 million.

Tuya Dividend Announcement

The business also recently declared 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%.

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.