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

RLX Technology Inc. (NYSE:RLX - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 29,070,000 shares, a decrease of 23.9% from the March 31st total of 38,220,000 shares. Currently, 3.3% of the company's stock are short sold. Based on an average trading volume of 5,820,000 shares, the days-to-cover ratio is currently 5.0 days.

RLX Technology Price Performance

Shares of NYSE RLX remained flat at $1.91 during midday trading on Friday. The stock had a trading volume of 3,380,973 shares, compared to its average volume of 3,199,306. The stock has a 50 day moving average price of $1.91 and a 200-day moving average price of $1.90. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 38.21 and a beta of 0.98. RLX Technology has a 12-month low of $1.39 and a 12-month high of $2.55.

RLX Technology (NYSE:RLX - Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $73.31 million for the quarter. RLX Technology had a return on equity of 3.32% and a net margin of 34.74%.

Hedge Funds Weigh In On RLX Technology

Several hedge funds and other institutional investors have recently modified their holdings of RLX. Nomura Holdings Inc. lifted its holdings in shares of RLX Technology by 118.9% during the 3rd quarter. Nomura Holdings Inc. now owns 15,974,504 shares of the company's stock valued at $24,122,000 after buying an additional 8,677,765 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of RLX Technology by 77.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,586,097 shares of the company's stock worth $3,905,000 after purchasing an additional 1,132,697 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of RLX Technology by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 31,061,726 shares of the company's stock worth $46,903,000 after purchasing an additional 578,728 shares in the last quarter. SCEP Management Ltd increased its stake in shares of RLX Technology by 25.0% in the 3rd quarter. SCEP Management Ltd now owns 2,500,000 shares of the company's stock worth $3,775,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Oasis Management Co Ltd. increased its stake in shares of RLX Technology by 7.5% in the 4th quarter. Oasis Management Co Ltd. now owns 5,137,739 shares of the company's stock worth $10,275,000 after purchasing an additional 357,334 shares in the last quarter. 22.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RLX shares. TheStreet raised RLX Technology from a "d" rating to a "c-" rating in a research report on Monday, March 18th. Citigroup upped their price objective on RLX Technology from $2.40 to $2.76 and gave the company a "buy" rating in a research report on Monday, March 18th.

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.

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