Short Interest in Relx Plc (NYSE:RELX) Rises By 41.8%

Relx Plc (NYSE:RELX) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,569,360 shares, an increase of 41.8% from the December 15th total of 1,811,432 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,505,915 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 1,505,915 shares, the short-interest ratio is currently 1.7 days. Approximately 0.1% of the shares of the company are short sold.

Relx Price Performance

Shares of NYSE RELX traded down $0.23 during midday trading on Friday, hitting $41.62. 1,361,396 shares of the company’s stock were exchanged, compared to its average volume of 1,723,058. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The business’s fifty day moving average price is $40.89 and its two-hundred day moving average price is $45.70. Relx has a 12-month low of $39.31 and a 12-month high of $56.33.

Hedge Funds Weigh In On Relx

Institutional investors have recently made changes to their positions in the stock. NewSquare Capital LLC lifted its holdings in shares of Relx by 522.0% during the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock worth $31,000 after acquiring an additional 475 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Relx by 99.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in Relx during the second quarter valued at about $37,000. Salomon & Ludwin LLC lifted its stake in Relx by 1,646.2% during the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after purchasing an additional 642 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Relx by 191.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after purchasing an additional 460 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RELX shares. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Barclays reissued an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Finally, Citigroup began coverage on shares of Relx in a report on Monday, January 12th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Relx currently has a consensus rating of “Buy”.

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.