Relx Plc (NYSE:RELX) Short Interest Down 21.3% in May

Relx Plc (NYSE:RELXGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,370,000 shares, a drop of 21.3% from the May 15th total of 3,010,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 967,300 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on RELX shares. Berenberg Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a report on Thursday, April 25th.

Check Out Our Latest Report on RELX

Relx Trading Down 0.9 %

Shares of NYSE:RELX traded down $0.43 on Friday, hitting $45.22. 693,392 shares of the company traded hands, compared to its average volume of 626,803. Relx has a 52 week low of $31.38 and a 52 week high of $45.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. The stock has a 50 day simple moving average of $43.11 and a 200-day simple moving average of $42.05.

Hedge Funds Weigh In On Relx

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors raised its position in Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after buying an additional 1,623,705 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Relx by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after buying an additional 399,101 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Relx by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,052 shares of the technology company’s stock worth $106,843,000 after buying an additional 94,052 shares during the last quarter. FMR LLC raised its position in Relx by 9.0% in the 3rd quarter. FMR LLC now owns 2,349,521 shares of the technology company’s stock worth $79,179,000 after buying an additional 194,937 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Relx by 1.7% in the 3rd quarter. Clearbridge Investments LLC now owns 2,147,512 shares of the technology company’s stock worth $72,371,000 after buying an additional 36,466 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Company Profile

(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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