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

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

Institutional Trading of RLX Technology

Several large investors have recently modified their holdings of RLX. Bank of New York Mellon Corp lifted its stake in 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 in the last quarter. Profund Advisors LLC acquired a new position in shares of RLX Technology in the second quarter worth $72,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of RLX Technology in the second quarter worth $146,000. Blue Trust Inc. lifted its position 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 valued at $65,000 after acquiring an additional 26,220 shares in the last quarter. Finally, First Beijing Investment Ltd boosted its stake 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 acquiring an additional 7,159,064 shares during the last quarter. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Trading Up 2.3 %

Shares of NYSE:RLX traded up $0.05 during midday trading on Wednesday, hitting $2.21. 7,191,817 shares of the stock were exchanged, compared to its average volume of 5,509,369. The stock has a market cap of $3.47 billion, a P/E ratio of 55.26 and a beta of 0.97. RLX Technology has a twelve month low of $1.50 and a twelve month high of $2.31. The company has a 50 day moving average price of $1.94 and a 200-day moving average price of $1.79.

RLX Technology Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.01 dividend. This represents a dividend yield of 0.59%. The ex-dividend date was Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is presently 25.00%.

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.