Relx Plc (NYSE:RELX) Short Interest Update

Relx Plc (NYSE:RELX) was the recipient of a significant growth in short interest in 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 637,000 shares, the short-interest ratio is presently 3.8 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RELX. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. Finally, Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of Relx by 368.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock worth $127,437,000 after purchasing an additional 2,208,119 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Relx in the fourth quarter valued at approximately $44,516,000. Northern Trust Corp raised its position in shares of Relx by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company’s stock valued at $99,542,000 after buying an additional 745,532 shares during the last quarter. Bank of Montreal Can boosted its stake in Relx by 290.3% during the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock worth $40,277,000 after buying an additional 659,547 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Relx by 50.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock valued at $89,420,000 after buying an additional 658,655 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Up 0.7 %

Shares of RELX traded up $0.34 during midday trading on Wednesday, reaching $49.33. 136,879 shares of the company were exchanged, compared to its average volume of 728,441. The stock has a 50-day moving average price of $48.99 and a 200-day moving average price of $47.64. Relx has a 1-year low of $40.25 and a 1-year high of $51.99. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a market cap of $91.55 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s dividend payout ratio (DPR) is currently 59.68%.

About Relx

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.