Stock Traders Buy High Volume of Call Options on Tuya (NYSE:TUYA)

Tuya Inc. (NYSE:TUYA) was the target of some unusual options trading activity on Tuesday. Investors bought 6,459 call options on the company. This is an increase of 637% compared to the typical volume of 876 call options.

Institutional Trading of Tuya

Hedge funds have recently made changes to their positions in the business. Catalina Capital Group LLC purchased a new position in Tuya during the fourth quarter worth $29,000. Boothbay Fund Management LLC lifted its holdings in Tuya by 46.0% during the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock valued at $36,000 after buying an additional 6,300 shares in the last quarter. Virtu Financial LLC bought a new position in Tuya in the 4th quarter worth about $40,000. Numerai GP LLC bought a new stake in shares of Tuya in the fourth quarter valued at about $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Tuya by 157.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock worth $52,000 after acquiring an additional 17,877 shares in the last quarter. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

Tuya Stock Down 4.7 %

NYSE TUYA traded down $0.18 on Tuesday, reaching $3.55. The company had a trading volume of 1,970,051 shares, compared to its average volume of 4,218,629. The stock has a market capitalization of $1.89 billion, a PE ratio of -118.17 and a beta of 0.48. The firm’s 50 day moving average price is $2.32 and its 200 day moving average price is $1.85. Tuya has a 12 month low of $1.28 and a 12 month high of $4.63.

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.