RLX Technology Inc. (NYSE:RLX) Short Interest Down 16.3% in November

RLX Technology Inc. (NYSE:RLX) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 14,590,000 shares, a decrease of 16.3% from the October 31st total of 17,430,000 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 5,810,000 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Centiva Capital LP bought a new position in shares of RLX Technology during the 3rd quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of RLX Technology by 284.8% during 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 during the last quarter. Profund Advisors LLC purchased a new position in RLX Technology in the second quarter worth $72,000. Bank of New York Mellon Corp grew 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 purchasing an additional 10,596 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in RLX Technology in the 3rd quarter valued at $108,000. Institutional investors own 22.68% of the company’s stock.

RLX Technology Stock Performance

RLX stock opened at $1.98 on Monday. RLX Technology has a fifty-two week low of $1.50 and a fifty-two week high of $2.27. The stock’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $1.76. The company has a market cap of $3.11 billion, a P/E ratio of 49.50 and a beta of 0.93.

RLX Technology Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.01 dividend. The ex-dividend date is Friday, December 6th. This represents a yield of 0.59%. RLX Technology’s payout ratio is 25.00%.

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.