Relx Plc (NYSE:RELX) Sees Significant Decline in Short Interest

Relx Plc (NYSE:RELX) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 3,298,668 shares, a decrease of 20.4% from the January 29th total of 4,145,796 shares. Based on an average daily volume of 6,255,627 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,255,627 shares, the days-to-cover ratio is presently 0.5 days.

Relx Stock Performance

Shares of RELX stock opened at $34.79 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The company’s fifty day simple moving average is $36.78 and its 200-day simple moving average is $41.72. Relx has a 52 week low of $27.57 and a 52 week high of $56.33.

Relx (NYSE:RELX) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.42). The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. On average, equities research analysts expect that Relx will post 1.68 earnings per share for the current year.

Relx Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be issued a dividend of $0.6559 per share. This represents a dividend yield of 422.0%. The ex-dividend date is Friday, May 8th.

Hedge Funds Weigh In On Relx

A number of institutional investors and hedge funds have recently bought and sold shares of RELX. Virtu Financial LLC raised its stake in shares of Relx by 64.8% during the fourth quarter. Virtu Financial LLC now owns 25,025 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 9,837 shares during the period. Invesco Ltd. grew its holdings in Relx by 14.4% during the 4th quarter. Invesco Ltd. now owns 700,411 shares of the technology company’s stock valued at $28,311,000 after purchasing an additional 87,908 shares in the last quarter. Vident Advisory LLC increased its stake in Relx by 0.9% during the 4th quarter. Vident Advisory LLC now owns 41,676 shares of the technology company’s stock worth $1,685,000 after buying an additional 383 shares during the period. EP Wealth Advisors LLC acquired a new position in Relx in the 4th quarter worth $348,000. Finally, NewEdge Advisors LLC boosted its position in Relx by 3.8% in the 4th quarter. NewEdge Advisors LLC now owns 59,743 shares of the technology company’s stock valued at $2,415,000 after buying an additional 2,187 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

RELX has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Citigroup assumed coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Relx currently has an average rating of “Buy”.

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.