Relx Plc (NYSE:RELX) Short Interest Update

Relx Plc (NYSE:RELX) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 3,298,668 shares, a decline of 20.4% from the January 29th total of 4,145,796 shares. Based on an average trading volume of 6,255,627 shares, the days-to-cover ratio is currently 0.5 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 trading volume of 6,255,627 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx during the 4th quarter valued at $26,000. Cornerstone Planning Group LLC increased its holdings in Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares during the last quarter. NewSquare Capital LLC lifted its stake in Relx by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after buying an additional 475 shares during the period. Salomon & Ludwin LLC boosted its holdings 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 buying an additional 642 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after buying an additional 760 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Wall Street Zen upgraded Relx from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Relx Stock Up 0.7%

NYSE:RELX traded up $0.25 during mid-day trading on Tuesday, hitting $34.93. 4,253,289 shares of the company’s stock traded hands, compared to its average volume of 5,841,284. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The firm has a 50 day moving average of $36.53 and a two-hundred day moving average of $41.54. Relx has a 12 month low of $27.57 and a 12 month high of $56.33.

Relx (NYSE:RELX) last released its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $6.70 billion. Equities analysts expect that Relx will post 1.68 earnings per share for the current year.

Relx Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, May 8th will be given a $0.6559 dividend. The ex-dividend date is Friday, May 8th. This represents a yield of 422.0%.

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.