Relx Plc (NYSE:RELX) Sees Significant Increase in Short Interest

Relx Plc (NYSE:RELX) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,548,893 shares, an increase of 38.1% from the December 31st total of 2,569,360 shares. Based on an average daily volume of 2,413,399 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,413,399 shares, the days-to-cover ratio is presently 1.5 days.

Relx Stock Performance

Shares of NYSE RELX opened at $35.54 on Tuesday. Relx has a 52-week low of $35.42 and a 52-week high of $56.33. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The company’s 50-day simple moving average is $40.40 and its 200-day simple moving average is $44.44.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays restated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Citigroup started coverage on Relx in a research note on Monday, January 12th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Relx currently has a consensus rating of “Buy”.

Institutional Trading of Relx

Several large investors have recently made changes to their positions in RELX. Cornerstone Planning Group LLC boosted its stake in Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after purchasing an additional 695 shares during the last quarter. NewSquare Capital LLC boosted its position in Relx by 522.0% during the second 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. Salomon & Ludwin LLC grew its stake in Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after acquiring an additional 642 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Relx by 99.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after acquiring an additional 303 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Relx by 191.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock valued at $33,000 after acquiring an additional 460 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

About Relx

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.