Short Interest in RLX Technology Inc. (NYSE:RLX) Decreases By 26.4%

RLX Technology Inc. (NYSE:RLX) saw a large drop in short interest during the month of 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. Based on an average daily trading volume, of 5,650,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its stake in RLX Technology by 8,292.2% in 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. increased its holdings in shares of RLX Technology by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company’s stock worth $497,000 after acquiring an additional 37,294 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in RLX Technology in the 3rd quarter valued at about $108,000. Point72 Hong Kong Ltd acquired a new position in RLX Technology during the 3rd quarter valued at about $2,386,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in RLX Technology in the 2nd quarter worth about $146,000. Institutional investors and hedge funds own 22.68% of the company’s stock.

RLX Technology Trading Down 0.7 %

RLX opened at $2.20 on Friday. The company’s 50-day moving average price is $1.95 and its 200 day moving average price is $1.79. RLX Technology has a fifty-two week low of $1.50 and a fifty-two week high of $2.31.

RLX Technology Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.01 dividend. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is 25.01%.

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.