Relx Plc (NYSE:RELX) Short Interest Update

Relx Plc (NYSE:RELX) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,390,000 shares, an increase of 22.6% from the February 13th total of 1,950,000 shares. Based on an average trading volume of 637,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Relx

Institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co lifted its position in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc bought a new stake in Relx in the 4th quarter valued at $31,000. Transce3nd LLC bought a new stake in Relx in the 4th quarter valued at $40,000. Sierra Ocean LLC bought a new stake in Relx in the 4th quarter valued at $43,000. Finally, Brown Brothers Harriman & Co. lifted its position in Relx by 218.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after acquiring an additional 662 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RELX. Redburn Atlantic began coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th.

Relx Trading Up 0.6 %

Shares of NYSE RELX opened at $49.31 on Thursday. The company’s fifty day moving average is $49.04 and its 200-day moving average is $47.65. The stock has a market cap of $91.51 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 2.73 and a beta of 0.90. Relx has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx’s dividend payout ratio (DPR) is currently 59.68%.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.