Relx Plc (NYSE:RELX) Short Interest Update

Relx Plc (NYSE:RELX) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,850,000 shares, an increase of 61.9% from the September 30th total of 1,760,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 773,600 shares, the short-interest ratio is presently 3.7 days.

Relx Stock Down 0.5 %

Shares of NYSE:RELX traded down $0.25 during trading hours on Tuesday, hitting $47.91. 542,376 shares of the company’s stock traded hands, compared to its average volume of 876,984. The business has a fifty day moving average price of $47.18 and a 200-day moving average price of $45.42. Relx has a 1 year low of $34.49 and a 1 year high of $48.91.

Hedge Funds Weigh In On Relx

Hedge funds have recently bought and sold shares of the business. Capital International Investors raised its stake in shares of Relx by 22.6% during the first quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock valued at $381,529,000 after acquiring an additional 1,623,705 shares in the last quarter. Captrust Financial Advisors raised its position in Relx by 185.6% during the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock valued at $28,977,000 after purchasing an additional 434,963 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Relx in the 3rd quarter worth $12,902,000. Dimensional Fund Advisors LP grew its position in shares of Relx by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock worth $136,155,000 after buying an additional 169,284 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Relx by 7.2% during the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after buying an additional 152,154 shares during the period. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RELX shares. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. Citigroup raised shares of Relx to a “strong-buy” rating in a research note on Tuesday, September 17th.

About Relx

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.