Tuya Inc. Sponsored ADR (NYSE:TUYA) Stock Short Interest Declines 39.7%

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

Analyst Ratings Changes

Several analysts have recently issued reports on TUYA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tuya in a report on Monday, July 20th. Wall Street Zen raised 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.69.

Tuya Trading Down 3.2%

Shares of TUYA stock opened at $1.66 on Friday. Tuya has a fifty-two week low of $1.60 and a fifty-two week high of $2.61. The stock’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $1.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.23 and a current ratio of 8.74. The company has a market cap of $899.01 million, a PE ratio of 15.05 and a beta of 0.53.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tuya stock. SG Americas Securities LLC purchased a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 55,300 shares of the company’s stock, valued at approximately $128,000. 11.47% of the stock is currently owned by institutional investors and hedge funds.

Tuya Company Profile

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.