RLX Technology Inc. (NYSE:RLX) Sees Large Drop in Short Interest

RLX Technology Inc. (NYSE:RLX) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 9,250,000 shares, a decline of 26.4% from the December 15th total of 12,570,000 shares. Based on an average trading volume of 5,650,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.1% of the shares of the company are short sold.

RLX Technology Trading Up 2.3 %

RLX stock traded up $0.05 on Wednesday, hitting $2.21. The company’s stock had a trading volume of 7,191,817 shares, compared to its average volume of 5,509,369. RLX Technology has a 1 year low of $1.50 and a 1 year high of $2.31. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 55.26 and a beta of 0.97. The firm has a 50 day moving average of $1.94 and a two-hundred day moving average of $1.79.

RLX Technology Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, December 6th. This represents a yield of 0.59%. RLX Technology’s payout ratio is 25.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Centiva Capital LP acquired a new position in shares of RLX Technology during the third quarter worth about $29,000. Blue Trust Inc. increased its position in RLX Technology by 284.8% during the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after purchasing an additional 26,220 shares during the period. Profund Advisors LLC purchased a new position in shares of RLX Technology during the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp lifted its holdings in shares of RLX Technology by 36.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after buying an additional 10,596 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of RLX Technology in the third quarter valued at approximately $108,000. 22.68% of the stock is currently owned by hedge funds and other 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.