Relx Plc (NYSE:RELX) Short Interest Up 51.6% in August

Relx Plc (NYSE:RELX) saw a large increase in short interest during the month of 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 shares are short sold.

Institutional Trading of Relx

Several large investors have recently bought and sold shares of RELX. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Relx during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its stake in shares of Relx by 2,574.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares during the period. Transamerica Financial Advisors LLC boosted its position in shares of Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after purchasing an additional 760 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after purchasing an additional 938 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares during the period. 15.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on RELX shares. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of Relx in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Relx Stock Down 1.5%

NYSE:RELX opened at $35.18 on Thursday. The company has a 50-day moving average price of $34.36 and a 200-day moving average price of $33.91. Relx has a 12 month low of $27.57 and a 12 month high of $48.40. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23.

Relx Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid a $0.2785 dividend. This represents a yield of 157.0%. The ex-dividend date of this dividend is Friday, August 7th.

About Relx

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.