Short Interest in Relx Plc (NYSE:RELX) Increases By 61.9%

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

Institutional Investors Weigh In On Relx

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

Wall Street Analyst Weigh In

RELX has been the topic of a number of recent research reports. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. Citigroup upgraded Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

Relx Stock Up 0.7 %

Shares of Relx stock opened at $47.42 on Friday. Relx has a 52-week low of $33.94 and a 52-week high of $48.91. The company has a market capitalization of $88.59 billion, a P/E ratio of 27.57, a P/E/G ratio of 3.32 and a beta of 0.89. The company has a 50 day moving average of $47.14 and a 200 day moving average of $45.35.

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.