Relx Plc (NYSE:RELX) Short Interest Up 38.1% in January

Relx Plc (NYSE:RELX) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,548,893 shares, an increase of 38.1% from the December 31st total of 2,569,360 shares. Based on an average daily trading volume, of 2,413,399 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,413,399 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RELX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup started coverage on Relx in a research note on Monday, January 12th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Relx

A number of large investors have recently bought and sold shares of RELX. American Century Companies Inc. lifted its position in Relx by 9.8% during the second quarter. American Century Companies Inc. now owns 462,477 shares of the technology company’s stock valued at $25,131,000 after purchasing an additional 41,207 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Relx in the second quarter worth about $2,878,000. SCS Capital Management LLC raised its stake in shares of Relx by 341.1% in the second quarter. SCS Capital Management LLC now owns 238,768 shares of the technology company’s stock worth $12,975,000 after buying an additional 184,643 shares during the period. ABC Arbitrage SA grew its stake 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 acquiring an additional 366,761 shares during the period. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in Relx in the 2nd quarter worth approximately $11,649,000. 15.02% of the stock is currently owned by institutional investors.

Relx Trading Down 1.1%

RELX traded down $0.38 during midday trading on Friday, hitting $35.79. 3,475,061 shares of the company’s stock traded hands, compared to its average volume of 2,864,491. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The stock’s fifty day simple moving average is $40.49 and its 200-day simple moving average is $44.63. Relx has a one year low of $35.49 and a one year high of $56.33.

Relx Company Profile

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.