Short Interest in Relx Plc (NYSE:RELX) Increases By 22.2%

Relx Plc (NYSE:RELX) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,310,000 shares, an increase of 22.2% from the October 31st total of 1,890,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 785,900 shares, the short-interest ratio is currently 2.9 days.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com started coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating on the stock. Citigroup upgraded Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Stock Up 0.6 %

Shares of NYSE RELX traded up $0.27 during midday trading on Monday, hitting $47.35. 501,830 shares of the company’s stock were exchanged, compared to its average volume of 860,656. The business’s fifty day moving average price is $47.04 and its two-hundred day moving average price is $46.22. Relx has a 12-month low of $38.08 and a 12-month high of $48.91.

Institutional Investors Weigh In On Relx

Several hedge funds have recently bought and sold shares of RELX. Private Trust Co. NA lifted its holdings in shares of Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after acquiring an additional 566 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in Relx in the second quarter worth $52,000. Rothschild Investment LLC purchased a new stake in Relx during the second quarter valued at about $72,000. TFC Financial Management Inc. bought a new position in shares of Relx during the second quarter valued at about $88,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Relx in the second quarter worth about $107,000. 15.02% of the stock is currently owned by institutional investors.

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.