Short Interest in Relx Plc (NYSE:RELX) Rises By 41.8%

Relx Plc (NYSE:RELX) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,569,360 shares, a growth of 41.8% from the December 15th total of 1,811,432 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,505,915 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 1,505,915 shares, the short-interest ratio is presently 1.7 days. Currently, 0.1% of the company’s shares are sold short.

Relx Stock Down 0.5%

Shares of RELX stock opened at $41.62 on Monday. The stock has a 50-day moving average of $40.89 and a 200-day moving average of $45.59. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx has a one year low of $39.31 and a one year high of $56.33.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of recent research reports. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Finally, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Hedge Funds Weigh In On Relx

Hedge funds and other institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its position in shares of Relx by 622.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after buying an additional 1,163,189 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Relx in the third quarter worth about $39,737,000. Optiver Holding B.V. acquired a new stake in shares of Relx during the third quarter worth about $20,570,000. ABC Arbitrage SA lifted its holdings in shares of Relx by 188.9% during the 2nd quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company’s stock valued at $30,482,000 after purchasing an additional 366,761 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Relx by 10.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock valued at $181,569,000 after purchasing an additional 303,002 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

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.