Relx Plc (NYSE:RELX) Short Interest Up 22.2% in November

Relx Plc (NYSE:RELX) was the target of a significant increase in short interest during 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. Based on an average daily trading volume, of 785,900 shares, the short-interest ratio is presently 2.9 days. Currently, 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research firms recently weighed in on RELX. Citigroup raised shares of Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com started coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Relx

Several large investors have recently made changes to their positions in RELX. Russell Investments Group Ltd. increased its position in shares of Relx by 28.5% during the first quarter. Russell Investments Group Ltd. now owns 4,234 shares of the technology company’s stock worth $183,000 after acquiring an additional 938 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Relx during the first quarter worth $326,000. Hancock Whitney Corp boosted its holdings in Relx by 13.8% during the first quarter. Hancock Whitney Corp now owns 6,371 shares of the technology company’s stock worth $276,000 after purchasing an additional 775 shares during the last quarter. Atria Investments Inc boosted its holdings in Relx by 27.6% during the first quarter. Atria Investments Inc now owns 81,038 shares of the technology company’s stock worth $3,508,000 after purchasing an additional 17,508 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Relx by 209.8% during the first quarter. Cetera Investment Advisers now owns 60,666 shares of the technology company’s stock worth $2,626,000 after purchasing an additional 41,084 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Stock Up 0.6 %

Shares of RELX stock traded up $0.27 during trading hours on Monday, hitting $47.35. 279,358 shares of the company were exchanged, compared to its average volume of 859,654. The business has a 50 day moving average of $47.07 and a two-hundred day moving average of $46.20. Relx has a 52 week low of $38.08 and a 52 week high of $48.91.

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.