Shell Asset Management Co. Trims Stake in RLX Technology Inc. (NYSE:RLX)

Shell Asset Management Co. lowered its position in RLX Technology Inc. (NYSE:RLXFree Report) by 52.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,898 shares of the company’s stock after selling 54,353 shares during the quarter. Shell Asset Management Co.’s holdings in RLX Technology were worth $75,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of RLX Technology in the fourth quarter valued at $27,000. Apollon Wealth Management LLC purchased a new stake in shares of RLX Technology in the first quarter valued at $38,000. Clear Street Markets LLC purchased a new position in RLX Technology in the 4th quarter worth about $40,000. XTX Topco Ltd purchased a new position in RLX Technology in the 1st quarter worth about $113,000. Finally, Alliancebernstein L.P. purchased a new position in RLX Technology in the 4th quarter worth about $93,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Stock Up 4.3 %

RLX stock opened at $1.95 on Tuesday. RLX Technology Inc. has a 12 month low of $1.39 and a 12 month high of $3.00. The firm’s 50-day moving average is $1.92 and its 200 day moving average is $1.76.

RLX Technology (NYSE:RLXGet Free Report) last posted its quarterly earnings results on Monday, November 13th. The company reported $0.02 EPS for the quarter. The company had revenue of $58.67 million for the quarter. RLX Technology had a net margin of 5.32% and a return on equity of 0.45%.

RLX Technology Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for RLX Technology (NYSE:RLX)

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