GSA Capital Partners LLP Has $1.55 Million Stock Holdings in RLX Technology Inc. Sponsored ADR $RLX

GSA Capital Partners LLP raised its holdings in RLX Technology Inc. Sponsored ADR (NYSE:RLX) by 225.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 590,462 shares of the company’s stock after acquiring an additional 408,974 shares during the quarter. GSA Capital Partners LLP’s holdings in RLX Technology were worth $1,553,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RLX. Vanguard Personalized Indexing Management LLC increased its holdings in RLX Technology by 73.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,168 shares of the company’s stock valued at $89,000 after purchasing an additional 17,060 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of RLX Technology in the 2nd quarter valued at about $99,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of RLX Technology by 15.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,603,605 shares of the company’s stock valued at $3,544,000 after buying an additional 212,753 shares during the period. XTX Topco Ltd raised its position in shares of RLX Technology by 242.1% during the second quarter. XTX Topco Ltd now owns 333,267 shares of the company’s stock worth $737,000 after acquiring an additional 235,844 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of RLX Technology in the second quarter worth approximately $110,000. Institutional investors and hedge funds own 22.68% of the company’s stock.

RLX Technology Price Performance

Shares of RLX opened at $2.37 on Wednesday. RLX Technology Inc. Sponsored ADR has a 1-year low of $1.66 and a 1-year high of $2.84. The company has a market capitalization of $3.72 billion, a P/E ratio of 33.86 and a beta of 1.10. The firm’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $2.39.

RLX Technology announced that its board has authorized a share buyback plan on Wednesday, December 31st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RLX. Wall Street Zen downgraded shares of RLX Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of RLX Technology in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.25.

About RLX Technology

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.