Relx Plc (NYSE:RELX – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 5,999,228 shares, an increase of 51.6% from the July 30th total of 3,956,270 shares. Based on an average trading volume of 2,463,796 shares, the short-interest ratio is currently 2.4 days. Approximately 0.3% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Relx during the fourth quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its stake in shares of Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after acquiring an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after acquiring an additional 760 shares during the period. Whipplewood Advisors LLC increased its position in Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after acquiring an additional 938 shares during the period. Finally, Manchester Capital Management LLC raised its stake in Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,003 shares during the last quarter. 15.02% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on RELX shares. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Morgan Stanley downgraded Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Relx has an average rating of “Moderate Buy”.
Relx Stock Performance
RELX traded down $0.49 during trading on Tuesday, hitting $35.94. The stock had a trading volume of 441,996 shares, compared to its average volume of 3,196,603. Relx has a 12 month low of $27.57 and a 12 month high of $48.40. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The company has a 50 day simple moving average of $34.19 and a 200-day simple moving average of $33.80.
Relx Cuts Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a $0.2785 dividend. This represents a dividend yield of 157.0%. The ex-dividend date of this dividend is Friday, August 7th.
Relx Company Profile
RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.
RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.
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