RELX PLC (NYSE:RELX) Sees Significant Increase in Short Interest

RELX PLC (NYSE:RELX) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,800,000 shares, agrowthof81.0% from the July 31st total of 994,300 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 1.6 days. Approximately0.1% of the shares of the company are sold short. Approximately0.1% of the shares of the company are sold short. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered RELX from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Hedge Funds Weigh In On RELX

A number of hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in shares of RELX by 1.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company’s stock worth $191,868,000 after acquiring an additional 48,793 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of RELX by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock worth $205,287,000 after acquiring an additional 173,976 shares during the period. Ameriprise Financial Inc. lifted its position in shares of RELX by 10.0% in the second quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock worth $181,569,000 after buying an additional 303,002 shares in the last quarter. Northern Trust Corp boosted its stake in RELX by 9.2% during the first quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock valued at $120,686,000 after buying an additional 202,509 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in RELX by 5.5% during the second quarter. Captrust Financial Advisors now owns 1,596,711 shares of the technology company’s stock valued at $86,765,000 after buying an additional 83,196 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

RELX Stock Performance

NYSE RELX opened at $47.04 on Monday. The firm has a market cap of $86.29 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $50.49 and a 200-day moving average price of $51.22. RELX has a twelve month low of $44.19 and a twelve month high of $56.33.

RELX Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be paid a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 170.0%. RELX’s dividend payout ratio is 28.49%.

RELX Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.