Relx Plc (NYSE:RELX) Short Interest Down 21.3% in May

Relx Plc (NYSE:RELX) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,370,000 shares, a decline of 21.3% from the May 15th total of 3,010,000 shares. Based on an average trading volume of 967,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Relx

Hedge funds have recently made changes to their positions in the stock. Capital International Investors lifted its position in shares of Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after purchasing an additional 1,623,705 shares during the period. Optiver Holding B.V. acquired a new position in shares of Relx in the 4th quarter worth approximately $21,983,000. Captrust Financial Advisors lifted its position in shares of Relx by 185.6% in the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after purchasing an additional 434,963 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Relx in the 4th quarter worth approximately $16,120,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Relx by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after purchasing an additional 399,101 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on RELX. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Berenberg Bank lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Price Performance

Shares of NYSE RELX traded down $0.43 during mid-day trading on Friday, reaching $45.22. 693,392 shares of the company were exchanged, compared to its average volume of 626,803. The company’s 50-day simple moving average is $43.11 and its 200-day simple moving average is $42.05. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx has a twelve month low of $31.38 and a twelve month high of $45.92.

About Relx

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.