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

RLX Technology Inc. (NYSE:RLX) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 14,590,000 shares, a drop of 16.3% from the October 31st total of 17,430,000 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 5,810,000 shares, the days-to-cover ratio is presently 2.5 days.

RLX Technology Price Performance

Shares of RLX opened at $1.98 on Friday. RLX Technology has a 1-year low of $1.50 and a 1-year high of $2.27. The stock has a market cap of $3.11 billion, a PE ratio of 49.51 and a beta of 0.93. The firm has a fifty day moving average price of $1.72 and a 200 day moving average price of $1.76.

RLX Technology Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.01 dividend. This represents a dividend yield of 0.59%. The ex-dividend date is Friday, December 6th. RLX Technology’s payout ratio is currently 25.01%.

Institutional Trading of RLX Technology

A number of large investors have recently made changes to their positions in RLX. Centiva Capital LP purchased a new stake in RLX Technology in the third quarter valued at approximately $29,000. Blue Trust Inc. raised its position in RLX Technology by 284.8% in the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after purchasing an additional 26,220 shares during the last quarter. Profund Advisors LLC acquired a new stake in RLX Technology during the 2nd quarter worth $72,000. Bank of New York Mellon Corp grew its position in RLX Technology by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after purchasing an additional 10,596 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in RLX Technology in the third quarter valued at $108,000. 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.