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

RLX Technology Inc. (NYSE:RLX) was the recipient of a significant increase in short interest in the month of 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. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,490,000 shares, the short-interest ratio is currently 2.2 days.

RLX Technology Stock Performance

RLX Technology stock traded down $0.01 during midday trading on Monday, reaching $2.22. 2,100,847 shares of the stock were exchanged, compared to its average volume of 4,770,869. The company’s fifty day moving average is $2.08 and its 200-day moving average is $1.83. RLX Technology has a 52 week low of $1.50 and a 52 week high of $2.37. The firm has a market cap of $3.48 billion, a PE ratio of 55.39 and a beta of 0.97.

RLX Technology Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid 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 currently 25.01%.

Institutional Trading of RLX Technology

Hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in shares of RLX Technology by 8,292.2% during the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock valued at $2,377,000 after buying an additional 1,297,651 shares during the last quarter. Franklin Resources Inc. boosted its holdings in RLX Technology by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company’s stock valued at $497,000 after acquiring an additional 37,294 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in RLX Technology in the 3rd quarter worth approximately $108,000. Point72 Hong Kong Ltd purchased a new stake in shares of RLX Technology during the third quarter valued at approximately $2,386,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of RLX Technology in the second quarter worth approximately $146,000. Institutional investors own 22.68% of the company’s stock.

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.