SG Americas Securities LLC lessened its holdings in shares of RLX Technology Inc. (NYSE:RLX – Free Report) by 94.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,739 shares of the company’s stock after selling 4,447,814 shares during the period. SG Americas Securities LLC’s holdings in RLX Technology were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Profund Advisors LLC acquired a new stake in shares of RLX Technology in the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp raised its holdings in RLX Technology by 36.5% during the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after purchasing an additional 10,596 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in RLX Technology in the second quarter worth approximately $146,000. Institutional investors own 22.68% of the company’s stock.
RLX Technology Stock Down 3.6 %
Shares of RLX Technology stock opened at $1.63 on Wednesday. The business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $1.80. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $2.40. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 32.60 and a beta of 0.92.
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.
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