Tuya Sees Unusually Large Options Volume (NYSE:TUYA)

Tuya Inc. (NYSE:TUYA) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 6,459 call options on the stock. This represents an increase of approximately 637% compared to the average volume of 876 call options.

Tuya Price Performance

Shares of NYSE:TUYA opened at $3.53 on Wednesday. Tuya has a 1 year low of $1.28 and a 1 year high of $4.63. The business’s 50-day moving average is $2.36 and its 200-day moving average is $1.86. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -117.50 and a beta of 0.48.

Institutional Investors Weigh In On Tuya

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of Tuya by 2,493.1% during the third quarter. Jane Street Group LLC now owns 691,655 shares of the company’s stock valued at $1,141,000 after buying an additional 664,982 shares during the last quarter. XTX Topco Ltd grew its holdings in Tuya by 204.5% during the third quarter. XTX Topco Ltd now owns 48,062 shares of the company’s stock valued at $79,000 after purchasing an additional 32,279 shares during the period. Barclays PLC increased its holdings in Tuya by 3.6% in the 3rd quarter. Barclays PLC now owns 270,843 shares of the company’s stock worth $447,000 after acquiring an additional 9,307 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Tuya by 91.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock worth $1,046,000 after purchasing an additional 302,261 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Tuya during the 3rd quarter valued at approximately $772,000. Institutional investors own 11.47% of the company’s stock.

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.