RLX Technology Inc. (NYSE:RLX - Get Free Report) was the target 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. Based on an average daily trading volume, of 5,490,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.4% of the company's stock are sold short.
Institutional Trading of RLX Technology
A number of hedge funds have recently made changes to their positions in the stock. First Beijing Investment Ltd grew its position in 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 purchasing an additional 7,159,064 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of RLX Technology during the 3rd quarter valued at $2,386,000. Point72 Asset Management L.P. grew its holdings in shares of RLX Technology by 8,292.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company's stock valued at $2,377,000 after acquiring an additional 1,297,651 shares in the last quarter. Hosking Partners LLP increased its stake in shares of RLX Technology by 24.8% in the fourth quarter. Hosking Partners LLP now owns 981,533 shares of the company's stock worth $2,120,000 after acquiring an additional 194,770 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of RLX Technology by 58.2% during the third 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 acquiring an additional 225,200 shares in the last quarter. 22.68% of the stock is owned by hedge funds and other institutional investors.
RLX Technology Stock Performance
Shares of RLX stock traded up $0.06 on Thursday, reaching $2.30. 7,091,217 shares of the company's stock traded hands, compared to its average volume of 4,677,313. The company has a market capitalization of $3.60 billion, a P/E ratio of 57.39 and a beta of 0.97. RLX Technology has a 12-month low of $1.50 and a 12-month high of $2.37. The business's 50 day moving average price is $2.10 and its two-hundred day moving average price is $1.84.
RLX Technology Dividend Announcement
The firm also recently announced 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. The ex-dividend date was Friday, December 6th. This represents a yield of 0.59%. RLX Technology's dividend payout ratio (DPR) is presently 25.01%.
About RLX Technology
(
Get 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 and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.
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