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

Relx Plc (NYSE:RELX - Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,690,000 shares, a drop of 13.3% from the November 30th total of 1,950,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 818,000 shares, the days-to-cover ratio is presently 2.1 days.

Relx Stock Down 0.4 %

Shares of NYSE RELX traded down $0.18 during mid-day trading on Monday, reaching $45.40. 323,400 shares of the company were exchanged, compared to its average volume of 850,180. The stock has a market capitalization of $84.51 billion, a PE ratio of 26.86, a PEG ratio of 3.53 and a beta of 0.89. Relx has a 52 week low of $38.47 and a 52 week high of $48.91. The company's 50 day moving average price is $46.73 and its 200 day moving average price is $46.53.

Institutional Trading of Relx

A number of hedge funds have recently bought and sold shares of RELX. Allspring Global Investments Holdings LLC boosted its position in Relx by 71.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 12,458 shares of the technology company's stock valued at $572,000 after buying an additional 5,211 shares during the period. Rothschild Investment LLC bought a new stake in shares of Relx in the 2nd quarter valued at about $72,000. Commonwealth Equity Services LLC boosted its holdings in Relx by 2.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 16,145 shares of the technology company's stock valued at $741,000 after acquiring an additional 316 shares during the period. Sage Mountain Advisors LLC bought a new position in Relx during the 2nd quarter worth approximately $231,000. Finally, Rhumbline Advisers increased its stake in Relx by 8.8% in the 2nd quarter. Rhumbline Advisers now owns 30,808 shares of the technology company's stock worth $1,413,000 after purchasing an additional 2,479 shares during the period. Institutional investors own 15.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup upgraded Relx to a "strong-buy" rating in a research note on Tuesday, September 17th. StockNews.com initiated coverage on shares of Relx in a research report on Wednesday, October 30th. They issued a "hold" rating on the stock.

Relx Company Profile

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.