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

Relx Plc (NYSE:RELX) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,811,432 shares, a decrease of 19.9% from the November 30th total of 2,261,082 shares. 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. 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.

Relx Price Performance

Shares of RELX stock opened at $40.44 on Friday. Relx has a 1 year low of $39.31 and a 1 year 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 firm’s 50 day moving average is $41.49 and its 200-day moving average is $46.55.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RELX shares. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday. Barclays restated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Relx currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewSquare Capital LLC raised its position in shares of 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 increased its position in 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 purchasing an additional 642 shares during the period. Caitong International Asset Management Co. Ltd increased its position 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 purchasing an additional 303 shares during the period. Nisa Investment Advisors LLC raised its holdings in Relx by 191.7% during 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 during the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in Relx during the 2nd quarter valued at about $37,000. 15.02% of the stock is currently owned by institutional investors.

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.