Tuya Inc. (NYSE:TUYA) Short Interest Update

Tuya Inc. (NYSE:TUYA - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 4,130,000 shares, a decline of 12.9% from the April 30th total of 4,740,000 shares. Based on an average daily volume of 3,060,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the company's stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in Tuya by 35.4% in the 1st quarter. Acadian Asset Management LLC now owns 3,824,150 shares of the company's stock valued at $11,569,000 after purchasing an additional 999,862 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Tuya by 45.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company's stock worth $2,474,000 after acquiring an additional 256,418 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Tuya by 75.2% in the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company's stock valued at $1,115,000 after buying an additional 157,978 shares during the period. Nomura Holdings Inc. acquired a new position in Tuya in the 1st quarter valued at approximately $85,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Tuya in the first quarter valued at $4,453,000. 11.47% of the stock is owned by institutional investors.

Tuya Trading Up 2.4%

Shares of NYSE TUYA traded up $0.07 during midday trading on Friday, reaching $2.74. The company's stock had a trading volume of 1,473,428 shares, compared to its average volume of 1,881,713. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -90.83 and a beta of 0.47. Tuya has a fifty-two week low of $1.28 and a fifty-two week high of $4.63. The stock has a 50 day simple moving average of $2.37 and a 200-day simple moving average of $2.48.

Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The firm had revenue of $74.69 million during the quarter, compared to the consensus estimate of $73.20 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Tuya from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.