Short Interest in Tuya Inc. (NYSE:TUYA) Decreases By 16.6%

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

Institutional Trading of Tuya

A number of hedge funds and other institutional investors have recently modified their holdings of TUYA. Public Employees Retirement System of Ohio grew its holdings in Tuya by 88.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 249,459 shares of the company's stock worth $447,000 after acquiring an additional 117,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 last quarter. Wexford Capital LP bought a new stake in shares of Tuya in the 4th quarter worth approximately $341,000. Two Sigma Advisers LP raised its holdings in shares of Tuya by 250.7% in the 4th quarter. Two Sigma Advisers LP now owns 404,300 shares of the company's stock worth $724,000 after purchasing an additional 289,000 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake 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 last quarter. Institutional investors own 11.47% of the company's stock.

Tuya Price Performance

Shares of TUYA traded down $0.04 during trading hours on Friday, reaching $2.21. 877,681 shares of the company's stock traded hands, compared to its average volume of 1,650,408. Tuya has a twelve month low of $1.28 and a twelve month high of $4.63. The business's fifty day simple moving average is $3.03 and its two-hundred day simple moving average is $2.29. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -73.67 and a beta of 0.43.

Tuya (NYSE:TUYA - Get Free Report) last announced its earnings results 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 company 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 Announces Dividend

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

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.