Relx Plc (NYSE:RELX) Short Interest Update

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

Relx Price Performance

Shares of Relx stock opened at $45.40 on Tuesday. The company has a market cap of $84.51 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 3.53 and a beta of 0.89. The firm has a fifty day moving average price of $46.73 and a two-hundred day moving average price of $46.53. Relx has a fifty-two week low of $38.47 and a fifty-two week high of $48.91.

Analysts Set New Price Targets

RELX has been the topic of several recent analyst reports. Citigroup upgraded shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com started coverage on Relx in a research note on Wednesday, October 30th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Relx

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after acquiring an additional 104,999 shares during the period. Franklin Resources Inc. boosted its position in shares of Relx by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock valued at $873,000 after acquiring an additional 588 shares in the last quarter. Peapack Gladstone Financial Corp lifted its stake in Relx by 5.7% during the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock worth $234,000 after purchasing an additional 267 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Relx in the 3rd quarter valued at approximately $125,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Relx by 15.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 126,067 shares of the technology company’s stock worth $5,894,000 after buying an additional 16,745 shares during the period. Institutional investors own 15.02% of the company’s stock.

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.