Tuya Inc. (NYSE:TUYA) Short Interest Up 49.6% in February

Tuya Inc. (NYSE:TUYA) was the target of a significant increase in short interest in 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 short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Tuya

A number of institutional investors have recently made changes to their positions in TUYA. Catalina Capital Group LLC bought a new stake in shares of Tuya in the fourth quarter worth $29,000. Boothbay Fund Management LLC grew its holdings in Tuya by 46.0% during 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of Tuya in the 4th quarter worth about $40,000. Numerai GP LLC acquired a new stake in shares of Tuya in the 4th quarter valued at about $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Tuya by 157.9% during 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 last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.

Tuya Trading Up 1.4 %

Shares of TUYA stock opened at $3.27 on Wednesday. The firm has a fifty day simple moving average of $2.52 and a 200-day simple moving average of $1.93. The company has a market capitalization of $1.74 billion, a PE ratio of -108.83 and a beta of 0.48. Tuya has a twelve month low of $1.28 and a twelve month high of $4.63.

Tuya (NYSE:TUYA) last posted its quarterly earnings data 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). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The firm had revenue of $82.06 million during the quarter, compared to analysts’ expectations of $81.40 million.

Tuya Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend 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.