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

RLX Technology Inc. (NYSE:RLX) saw a large increase in short interest in 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. Based on an average trading volume of 5,490,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.4% of the company’s stock are short sold.

RLX Technology Price Performance

NYSE:RLX traded down $0.01 during mid-day trading on Monday, hitting $2.22. 2,100,847 shares of the company’s stock were exchanged, compared to its average volume of 4,770,869. The company has a market cap of $3.48 billion, a PE ratio of 55.39 and a beta of 0.97. RLX Technology has a one year low of $1.50 and a one year high of $2.37. The business has a fifty day moving average price of $2.08 and a 200 day moving average price of $1.83.

RLX Technology Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 20th. Investors 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 (DPR) is presently 25.01%.

Institutional Investors Weigh In On RLX Technology

Hedge funds have recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of RLX Technology in the 2nd quarter worth about $146,000. Blue Trust Inc. lifted its stake in shares of RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after buying an additional 26,220 shares in the last quarter. First Beijing Investment Ltd grew its holdings in shares of RLX Technology by 33.6% during 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 last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in RLX Technology in the 3rd quarter worth approximately $108,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of RLX Technology by 58.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock worth $1,108,000 after purchasing an additional 225,200 shares in the last quarter. 22.68% of the stock is owned by institutional investors.

About RLX Technology

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.