Relx Plc (NYSE:RELX) Short Interest Down 27.4% in August

Relx Plc (NYSE:RELX) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,700,000 shares, a drop of 27.4% from the August 15th total of 2,340,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 656,500 shares, the days-to-cover ratio is currently 2.6 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

Relx Trading Down 0.6 %

Shares of NYSE:RELX opened at $47.71 on Friday. The business’s 50 day moving average price is $46.05 and its 200-day moving average price is $44.44. Relx has a 1 year low of $33.13 and a 1 year high of $48.01. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51.

Relx Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were issued a $0.234 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd.

Institutional Investors Weigh In On Relx

Large investors have recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in Relx in the 4th quarter valued at about $35,000. Financial Management Professionals Inc. lifted its position in Relx by 192.9% during the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. Timber Creek Capital Management LLC acquired a new position in Relx during the first quarter worth $43,000. Pinnacle Bancorp Inc. grew its holdings in Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after buying an additional 468 shares in the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Relx in the 2nd quarter worth $52,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

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.