Relx Plc (NYSE:RELX) Sees Significant Increase in Short Interest

Relx Plc (NYSE:RELX) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 2,390,000 shares, a growth of 22.6% from the February 13th total of 1,950,000 shares. Based on an average daily trading volume, of 637,000 shares, the short-interest ratio is currently 3.8 days. Currently, 0.1% of the shares of the company are short sold.

Relx Price Performance

Shares of NYSE RELX traded down $0.63 during trading on Tuesday, hitting $48.97. The company had a trading volume of 485,902 shares, compared to its average volume of 730,686. The stock has a fifty day simple moving average of $48.94 and a two-hundred day simple moving average of $47.62. Relx has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The firm has a market capitalization of $90.88 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s payout ratio is presently 59.68%.

Hedge Funds Weigh In On Relx

Institutional investors and hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co boosted its position in Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after acquiring an additional 529 shares during the last quarter. Versant Capital Management Inc acquired a new position in Relx during the fourth quarter worth about $31,000. Transce3nd LLC acquired a new position in Relx during the fourth quarter worth about $40,000. Sierra Ocean LLC acquired a new position in Relx during the fourth quarter worth about $43,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Relx by 218.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after purchasing an additional 662 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on RELX. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Redburn Atlantic began coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company. Finally, Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.