RLX Technology Inc. (NYSE:RLX) Short Interest Update

RLX Technology Inc. (NYSE:RLX) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 11,930,000 shares, an increase of 29.0% from the December 31st total of 9,250,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 5,490,000 shares, the short-interest ratio is presently 2.2 days.

RLX Technology Stock Down 0.2 %

Shares of NYSE:RLX traded down $0.01 during trading on Monday, reaching $2.22. The stock had a trading volume of 1,842,185 shares, compared to its average volume of 4,754,248. The stock has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $1.83. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 55.39 and a beta of 0.97. RLX Technology has a 52 week low of $1.50 and a 52 week high of $2.37.

RLX Technology Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.01 per share. This represents a yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. RLX Technology’s dividend payout ratio is 25.01%.

Institutional Investors Weigh In On RLX Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC acquired a new stake in shares of RLX Technology in the second quarter worth $146,000. Blue Trust Inc. raised its position in shares of RLX Technology by 284.8% during the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after buying an additional 26,220 shares during the last quarter. First Beijing Investment Ltd lifted its stake in shares of RLX Technology by 33.6% in the third quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock valued at $51,477,000 after buying an additional 7,159,064 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in RLX Technology during the third quarter worth about $108,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in RLX Technology by 58.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock valued at $1,108,000 after acquiring an additional 225,200 shares during the period. 22.68% of the stock is owned by institutional investors and hedge funds.

RLX Technology Company Profile

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.