Short Interest in Tuya Inc. (NYSE:TUYA) Grows By 95.3%

Tuya Inc. (NYSE:TUYA - Get Free Report) saw a large 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. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 3,810,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Tuya

Hedge funds and other institutional investors have recently modified their holdings of the stock. Boothbay Fund Management LLC grew its holdings in shares of Tuya by 46.0% in the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after purchasing an additional 6,300 shares during the period. Barclays PLC boosted its holdings in Tuya by 3.6% in the 3rd quarter. Barclays PLC now owns 270,843 shares of the company's stock valued at $447,000 after purchasing an additional 9,307 shares during the last quarter. Sei Investments Co. boosted its holdings in Tuya by 37.5% in the 4th quarter. Sei Investments Co. now owns 58,726 shares of the company's stock valued at $105,000 after purchasing an additional 16,010 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Tuya in the 4th quarter valued at approximately $29,000. Finally, Geode Capital Management LLC increased its holdings in shares of Tuya by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 133,150 shares of the company's stock worth $220,000 after buying an additional 16,821 shares during the last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.

Tuya Trading Down 2.1 %

TUYA traded down $0.07 on Tuesday, hitting $2.97. 764,867 shares of the company's stock were exchanged, compared to its average volume of 4,058,738. Tuya has a fifty-two week low of $1.28 and a fifty-two week high of $4.63. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -98.83 and a beta of 0.39. The firm has a 50-day moving average price of $3.23 and a 200-day moving average price of $2.22.

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Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $82.06 million for the quarter, compared to analyst estimates of $81.40 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya Dividend Announcement

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

Tuya Company Profile

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.