Relx PLC (NYSE:RELX) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 710,800 shares, a decrease of 7.2% from the December 15th total of 766,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 328,400 shares, the short-interest ratio is currently 2.2 days.
A number of research analysts recently commented on RELX shares. Zacks Investment Research lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. ValuEngine upgraded shares of Relx from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 29th.
Several large investors have recently made changes to their positions in the business. Advisors Capital Management LLC grew its position in shares of Relx by 0.6% during the 4th quarter. Advisors Capital Management LLC now owns 127,816 shares of the technology company’s stock worth $3,230,000 after purchasing an additional 800 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Relx during the 4th quarter worth approximately $31,000. Cox Capital Mgt LLC grew its position in shares of Relx by 1.6% during the 4th quarter. Cox Capital Mgt LLC now owns 62,426 shares of the technology company’s stock worth $1,578,000 after purchasing an additional 987 shares in the last quarter. Evoke Wealth LLC acquired a new position in shares of Relx during the 3rd quarter worth approximately $62,000. Finally, Millennium Management LLC grew its position in shares of Relx by 1,287.2% during the 3rd quarter. Millennium Management LLC now owns 151,861 shares of the technology company’s stock worth $3,602,000 after purchasing an additional 140,914 shares in the last quarter. Hedge funds and other institutional investors own 2.80% of the company’s stock.
Shares of NYSE:RELX traded down $0.02 on Friday, reaching $26.14. 19,954 shares of the company’s stock were exchanged, compared to its average volume of 281,964. The company has a fifty day moving average of $24.81 and a 200-day moving average of $24.03. Relx has a twelve month low of $21.20 and a twelve month high of $26.17. The company has a market capitalization of $49.87 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.02 and a beta of 0.44. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 2.58.
RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.
Further Reading: Guidelines for Successful Channel Trading
Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.