Tuya Inc. Sponsored ADR (NYSE:TUYA) Short Interest Update

Tuya Inc. Sponsored ADR (NYSE:TUYA) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,239,965 shares, a drop of 38.2% from the June 15th total of 5,244,790 shares. Based on an average daily volume of 1,019,628 shares, the short-interest ratio is presently 3.2 days. Approximately 0.6% of the shares of the stock are sold short.

Tuya Trading Down 1.4%

NYSE:TUYA opened at $1.75 on Friday. Tuya has a 52-week low of $1.72 and a 52-week high of $2.88. The company has a quick ratio of 6.65, a current ratio of 6.94 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $2.19. The company has a market capitalization of $953.33 million, a PE ratio of 17.55 and a beta of 0.45.

Tuya (NYSE:TUYA) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.03 EPS for the quarter. Tuya had a net margin of 19.10% and a return on equity of 6.20%. The firm had revenue of $80.88 million for the quarter. On average, equities research analysts expect that Tuya will post 0.1 earnings per share for the current fiscal year.

Tuya Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, March 18th were given a $0.0605 dividend. The ex-dividend date was Wednesday, March 18th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Tuya during the 1st quarter worth approximately $128,000. Natixis Advisors LLC acquired a new stake in Tuya during the 3rd quarter valued at $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $2,474,000 after buying an additional 256,418 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Tuya by 75.2% during the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after buying an additional 157,978 shares in the last quarter. 11.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Tuya has a consensus rating of “Moderate Buy” and a consensus target price of $3.69.

Tuya Company Profile

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.