Relx Plc (NYSE:RELX) Short Interest Update

Relx Plc (NYSE:RELX - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,390,000 shares, a growth of 22.6% from the February 13th total of 1,950,000 shares. Based on an average daily volume of 637,000 shares, the short-interest ratio is currently 3.8 days. Approximately 0.1% of the company's stock are short sold.

Relx Stock Performance

Shares of NYSE RELX traded up $0.07 during midday trading on Friday, reaching $49.96. The company's stock had a trading volume of 605,328 shares, compared to its average volume of 729,537. Relx has a 12-month low of $40.25 and a 12-month high of $51.99. The firm has a 50 day moving average price of $49.18 and a 200-day moving average price of $47.69. The stock has a market capitalization of $92.72 billion, a P/E ratio of 26.86, a PEG ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Relx's previous semi-annual dividend of $0.23. Relx's payout ratio is 59.68%.

Institutional Investors Weigh In On Relx

A number of hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Relx by 12.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,476 shares of the technology company's stock worth $2,111,000 after purchasing an additional 5,081 shares during the period. Brucke Financial Inc. bought a new stake in shares of Relx in the 4th quarter worth approximately $674,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Relx by 20.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,761 shares of the technology company's stock worth $262,000 after purchasing an additional 974 shares during the period. Ascent Group LLC raised its holdings in shares of Relx by 2.0% in the 4th quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock worth $637,000 after purchasing an additional 277 shares during the period. Finally, Forum Financial Management LP raised its holdings in shares of Relx by 37.3% in the 4th quarter. Forum Financial Management LP now owns 8,356 shares of the technology company's stock worth $380,000 after purchasing an additional 2,268 shares during the period. Institutional investors own 15.02% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RELX shares. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating on the stock. Finally, StockNews.com downgraded Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

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.