Short Interest in Relx Plc (NYSE:RELX) Declines By 19.9%
by Tristan Rich · The Markets DailyRelx Plc (NYSE:RELX – Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 1,811,432 shares, a drop of 19.9% from the November 30th total of 2,261,082 shares. Based on an average daily volume of 2,228,255 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,228,255 shares, the short-interest ratio is currently 0.8 days.
Analyst Ratings Changes
Several brokerages have recently commented on RELX. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.
Institutional Investors Weigh In On Relx
Several hedge funds have recently added to or reduced their stakes in RELX. NewSquare Capital LLC increased its holdings in shares of Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after acquiring an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after buying an additional 303 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in Relx in the second quarter worth about $37,000. Salomon & Ludwin LLC lifted its stake in shares of Relx by 1,646.2% in 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 in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Relx by 191.7% during the third quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock valued at $33,000 after buying an additional 460 shares during the last quarter. 15.02% of the stock is owned by institutional investors.
Relx Stock Down 1.6%
Shares of RELX traded down $0.67 on Thursday, reaching $40.44. The stock had a trading volume of 1,451,527 shares, compared to its average volume of 1,603,650. 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 has a 12-month low of $39.31 and a 12-month high of $56.33. The company has a 50-day simple moving average of $41.60 and a 200-day simple moving average of $46.59.
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.