Relx PLC (NYSE:RELX) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 710,800 shares, a drop of 7.2% from the December 15th total of 766,000 shares. Based on an average daily volume of 328,400 shares, the short-interest ratio is presently 2.2 days. Currently, 0.0% of the shares of the stock are sold short.
Shares of Relx stock traded down $0.02 during midday trading on Friday, reaching $26.14. The company had a trading volume of 19,954 shares, compared to its average volume of 281,964. The stock has a fifty day simple moving average of $24.81 and a 200 day simple moving average of $24.03. 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 has a 1-year low of $21.20 and a 1-year high of $26.17. The company has a market capitalization of $49.87 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.02 and a beta of 0.44.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Relx from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simon Quick Advisors LLC acquired a new stake in Relx during the 4th quarter worth $31,000. Tower Research Capital LLC TRC acquired a new stake in Relx during the 3rd quarter worth $38,000. Whittier Trust Co. grew its holdings in Relx by 750.5% during the 3rd quarter. Whittier Trust Co. now owns 1,701 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,501 shares during the period. Evoke Wealth LLC acquired a new stake in Relx during the 3rd quarter worth $62,000. Finally, Parallel Advisors LLC grew its holdings in Relx by 26.0% during the 3rd quarter. Parallel Advisors LLC now owns 4,065 shares of the technology company’s stock worth $96,000 after acquiring an additional 840 shares during the period. 2.80% of the stock is owned by hedge funds and other institutional investors.
Relx Company Profile
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.
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