Relx Plc (NYSE:RELX) Short Interest Update

Relx Plc (NYSE:RELX) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,690,000 shares, a drop of 13.3% from the November 30th total of 1,950,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 818,000 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of Relx in a report on Wednesday, October 30th. They issued a “hold” rating on the stock. Citigroup raised shares of Relx to a “strong-buy” rating in a research note on Tuesday, September 17th.

Relx Trading Down 0.6 %

NYSE RELX opened at $45.58 on Monday. Relx has a 12 month low of $38.47 and a 12 month high of $48.91. The stock’s fifty day moving average price is $46.78 and its 200-day moving average price is $46.53. The stock has a market cap of $84.84 billion, a P/E ratio of 26.97, a P/E/G ratio of 3.53 and a beta of 0.89.

Hedge Funds Weigh In On Relx

A number of hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of Relx by 0.9% in the third quarter. Venturi Wealth Management LLC now owns 24,164 shares of the technology company’s stock worth $1,147,000 after buying an additional 214 shares in the last quarter. Ballentine Partners LLC raised its holdings in Relx by 1.4% in the 3rd quarter. Ballentine Partners LLC now owns 17,306 shares of the technology company’s stock worth $821,000 after acquiring an additional 240 shares during the last quarter. Marshall Financial Group LLC raised its holdings in Relx by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 30,515 shares of the technology company’s stock worth $1,448,000 after acquiring an additional 246 shares during the last quarter. Procyon Advisors LLC lifted its position in Relx by 4.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,734 shares of the technology company’s stock valued at $320,000 after acquiring an additional 265 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in Relx by 5.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,270 shares of the technology company’s stock valued at $250,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.