Relx Plc (NYSE:RELX - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,850,000 shares, an increase of 61.9% from the September 30th total of 1,760,000 shares. Approximately 0.2% of the company's shares are short sold. Based on an average trading volume of 773,600 shares, the short-interest ratio is presently 3.7 days.
Relx Stock Performance
Shares of RELX stock traded up $0.32 during trading on Friday, hitting $47.42. 643,971 shares of the company were exchanged, compared to its average volume of 880,438. The firm has a market capitalization of $88.59 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 3.32 and a beta of 0.89. The business's 50-day simple moving average is $47.14 and its 200 day simple moving average is $45.35. Relx has a twelve month low of $33.94 and a twelve month high of $48.91.
Hedge Funds Weigh In On Relx
Several institutional investors and hedge funds have recently modified their holdings of RELX. Ballentine Partners LLC grew its stake in Relx by 1.4% in the third quarter. Ballentine Partners LLC now owns 17,306 shares of the technology company's stock valued at $821,000 after purchasing an additional 240 shares in the last quarter. Marshall Financial Group LLC grew its stake in shares of Relx by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 30,515 shares of the technology company's stock valued at $1,448,000 after buying an additional 246 shares in the last quarter. LVW Advisors LLC increased its holdings in Relx by 1.7% in the second quarter. LVW Advisors LLC now owns 15,189 shares of the technology company's stock worth $697,000 after buying an additional 248 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Relx by 2.1% during the first quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company's stock valued at $550,000 after acquiring an additional 260 shares in the last quarter. Finally, Traveka Wealth LLC lifted its stake in Relx by 4.5% in the second quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company's stock valued at $281,000 after acquiring an additional 264 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on RELX. StockNews.com lowered shares of Relx from a "buy" rating to a "hold" rating in a research note on Saturday, August 31st. Citigroup raised Relx to a "strong-buy" rating in a research report on Tuesday, September 17th.
Read Our Latest Stock Report on RELX
About Relx
(
Get Free Report)
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.
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