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

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating for the company. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Hedge Funds Weigh In On Relx

Hedge funds have recently bought and sold shares of the business. Atria Investments Inc increased its position 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 acquiring an additional 17,508 shares during the period. CWA Asset Management Group LLC bought a new position in Relx during the third quarter worth about $548,000. Timber Creek Capital Management LLC increased its position in Relx by 3,737.1% during the second quarter. Timber Creek Capital Management LLC now owns 38,524 shares of the technology company’s stock worth $1,768,000 after acquiring an additional 37,520 shares during the period. Choreo LLC bought a new position in Relx during the second quarter worth about $793,000. Finally, Creative Planning increased its position in Relx by 16.4% during the second quarter. Creative Planning now owns 128,930 shares of the technology company’s stock worth $5,915,000 after acquiring an additional 18,199 shares during the period. 15.02% of the stock is owned by institutional investors.

Relx Price Performance

Shares of RELX traded up $0.27 during trading hours on Monday, hitting $47.35. The company had a trading volume of 279,358 shares, compared to its average volume of 859,654. The business has a fifty day moving average of $47.07 and a 200-day moving average of $46.20. Relx has a 12 month low of $38.08 and a 12 month high of $48.91.

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.