Short Interest in Relx Plc (NYSE:RELX) Decreases By 13.3%

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

Relx Stock Down 0.6 %

NYSE RELX opened at $45.58 on Monday. The company has a 50-day moving average price of $46.78 and a 200-day moving average price of $46.53. Relx has a 52 week low of $38.47 and a 52 week high of $48.91. The firm has a market capitalization of $84.84 billion, a P/E ratio of 26.97, a PEG ratio of 3.53 and a beta of 0.89.

Institutional Trading of Relx

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Relx by 8.3% in the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after buying an additional 548,423 shares during the period. Dimensional Fund Advisors LP increased its holdings in Relx by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock worth $136,155,000 after acquiring an additional 169,284 shares in the last quarter. Clearbridge Investments LLC raised its stake in Relx by 7.2% during the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock worth $103,709,000 after acquiring an additional 152,154 shares during the period. Captrust Financial Advisors lifted its holdings in Relx by 3.4% during the third quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after purchasing an additional 35,807 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Relx by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after purchasing an additional 104,999 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RELX shares. Citigroup upgraded shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com began coverage on Relx in a report on Wednesday, October 30th. They set 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.