Short Interest in Relx Plc (NYSE:RELX) Declines By 19.9%

Relx Plc (NYSE:RELX) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,811,432 shares, a decline of 19.9% from the November 30th total of 2,261,082 shares. Based on an average daily trading volume, of 2,228,255 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,228,255 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

RELX has been the topic of several research reports. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research note on Monday. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Finally, Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ieq Capital LLC lifted its position in shares of Relx by 18.3% in the 1st quarter. Ieq Capital LLC now owns 13,156 shares of the technology company’s stock worth $663,000 after purchasing an additional 2,036 shares during the period. Vident Advisory LLC lifted its holdings in Relx by 46.0% in the first quarter. Vident Advisory LLC now owns 38,232 shares of the technology company’s stock worth $1,927,000 after buying an additional 12,042 shares during the period. EP Wealth Advisors LLC bought a new stake in Relx during the 1st quarter valued at approximately $230,000. Aprio Wealth Management LLC purchased a new position in shares of Relx during the 1st quarter worth approximately $221,000. Finally, AQR Capital Management LLC grew its holdings in shares of Relx by 17.1% during the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock worth $3,207,000 after acquiring an additional 9,287 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Performance

NYSE RELX traded down $0.67 on Wednesday, hitting $40.44. The company’s stock had a trading volume of 1,451,527 shares, compared to its average volume of 1,603,650. Relx has a 52-week low of $39.31 and a 52-week high of $56.33. The company’s 50-day simple moving average is $41.60 and its 200 day simple moving average is $46.59. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.