Tuya Inc. Sponsored ADR (NYSE:TUYA) Stock Short Interest Report for September

Tuya Inc. Sponsored ADR (NYSE:TUYA) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,543,230 shares, a drop of 39.7% from the September 15th total of 2,560,747 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,074,297 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Tuya

An institutional investor recently bought a new stake in Tuya stock. Public Employees Retirement System of Ohio acquired a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 483,095 shares of the company’s stock, valued at approximately $850,000. Public Employees Retirement System of Ohio owned 0.09% of Tuya as of its most recent SEC filing. 11.47% of the stock is owned by hedge funds and other institutional investors.

Tuya Trading Down 3.2%

Shares of Tuya stock traded down $0.06 during trading hours on Friday, hitting $1.66. The company’s stock had a trading volume of 342,981 shares, compared to its average volume of 730,380. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.74 and a quick ratio of 8.23. The stock has a 50 day moving average of $1.77 and a 200 day moving average of $1.95. Tuya has a 12 month low of $1.60 and a 12 month high of $2.61. The company has a market capitalization of $899.01 million, a PE ratio of 15.05 and a beta of 0.53.

Tuya (NYSE:TUYA) last released its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter. Tuya had a net margin of 20.16% and a return on equity of 6.74%. The company had revenue of $92.94 million during the quarter. Analysts predict that Tuya will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

TUYA has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a research note on Monday, July 20th. Wall Street Zen upgraded Tuya from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3.69.

About Tuya

Tuya Inc (NYSE: TUYA) is a global technology company that provides an Internet of Things (IoT) development platform. Its cloud-based services help manufacturers, brands, retailers and developers connect, manage and operate smart devices and digital products.

The company offers software and cloud services spanning device connectivity, data management, artificial intelligence, mobile applications and business solutions. Its platform supports products such as smart lighting, appliances, security equipment, environmental controls and energy-management devices, as well as solutions for smart homes, commercial properties and other connected environments.

Founded in 2014, Tuya serves customers and partners across international markets.