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

RLX Technology Inc. (NYSE:RLX) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 11,470,000 shares, a decrease of 17.5% from the February 13th total of 13,900,000 shares. Based on an average trading volume of 5,160,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.3% of the shares of the stock are sold short.

RLX Technology Stock Down 0.2 %

RLX traded down $0.01 during trading on Thursday, reaching $2.02. The company had a trading volume of 2,854,118 shares, compared to its average volume of 4,605,182. The stock has a market cap of $3.17 billion, a P/E ratio of 50.39 and a beta of 0.93. The business has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $1.97. RLX Technology has a 52 week low of $1.50 and a 52 week high of $2.69.

RLX Technology (NYSE:RLX) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.19). The company had revenue of $111.46 million during the quarter, compared to the consensus estimate of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded RLX Technology from a “buy” rating to a “neutral” rating and lowered their target price for the company from $2.80 to $2.50 in a research report on Monday.

Institutional Trading of RLX Technology

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in RLX Technology in the fourth quarter worth $31,000. Centiva Capital LP purchased a new stake in RLX Technology in the third quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in RLX Technology in the fourth quarter worth $42,000. Boothbay Fund Management LLC purchased a new stake in RLX Technology in the fourth quarter worth $43,000. Finally, Catalina Capital Group LLC purchased a new stake in RLX Technology in the fourth quarter worth $63,000. 22.68% of the stock is currently owned by institutional investors.

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.