Tuya Inc. (NYSE:TUYA) Short Interest Update

Tuya Inc. (NYSE:TUYA - Get Free Report) was the recipient of a large decline in short interest in 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 company's stock are short sold. Based on an average daily trading volume, of 4,130,000 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Tuya

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in shares of Tuya by 88.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 249,459 shares of the company's stock valued at $447,000 after buying an additional 117,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tuya by 60.0% during 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 valued at $1,003,000 after purchasing an additional 209,985 shares during the last quarter. Wexford Capital LP bought a new position in Tuya during the fourth quarter worth $341,000. Two Sigma Advisers LP increased its holdings in shares of Tuya by 250.7% in 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 last quarter. Finally, Two Sigma Investments LP grew its stake in Tuya by 423.9% in the 4th quarter. Two Sigma Investments LP now owns 784,622 shares of the company's stock valued at $1,404,000 after buying an additional 634,849 shares during the last quarter. Institutional investors own 11.47% of the company's stock.

Tuya Trading Down 1.8 %

Shares of Tuya stock traded down $0.04 during trading hours on Friday, reaching $2.21. 877,681 shares of the company's stock were exchanged, compared to its average volume of 1,656,489. The stock has a market cap of $1.19 billion, a P/E ratio of -73.67 and a beta of 0.43. The company has a 50 day moving average of $3.02 and a two-hundred day moving average of $2.29. Tuya has a fifty-two week low of $1.28 and a fifty-two week high of $4.63.

Tuya (NYSE:TUYA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $82.06 million for the quarter, compared to analyst estimates 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 announced a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were paid a $0.0608 dividend. The ex-dividend date was Thursday, March 13th. This represents a yield of 6.1%. Tuya's dividend payout ratio (DPR) is currently 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.