RLX Technology Inc. (NYSE:RLX - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 13,900,000 shares, an increase of 26.6% from the January 31st total of 10,980,000 shares. Currently, 1.6% of the company's stock are short sold. Based on an average daily volume of 5,500,000 shares, the short-interest ratio is currently 2.5 days.
RLX Technology Stock Performance
RLX Technology stock traded up $0.03 during trading on Friday, reaching $2.37. 2,615,599 shares of the company's stock were exchanged, compared to its average volume of 5,219,466. The company's 50-day moving average is $2.27 and its two-hundred day moving average is $1.94. RLX Technology has a 52-week low of $1.50 and a 52-week high of $2.69. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 59.14 and a beta of 0.93.
Institutional Trading of RLX Technology
Institutional investors have recently added to or reduced their stakes in the business. Centiva Capital LP purchased a new stake in RLX Technology during the 3rd quarter worth $29,000. Janney Montgomery Scott LLC acquired a new position in RLX Technology in the 4th quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in RLX Technology in the 4th quarter worth $42,000. Boothbay Fund Management LLC acquired a new position in RLX Technology in the 4th quarter worth $43,000. Finally, Catalina Capital Group LLC acquired a new position in RLX Technology in the 4th quarter worth $63,000. 22.68% of the stock is owned by hedge funds and other institutional investors.
RLX Technology Company Profile
(
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.
See Also
Before you consider RLX Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RLX Technology wasn't on the list.
While RLX Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
