Relx Plc (NYSE:RELX – Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 812,600 shares, a decline of 31.7% from the May 31st total of 1,190,000 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 760,200 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Relx by 1.2% during the fourth quarter. Bank of America Corp DE now owns 6,279,226 shares of the technology company’s stock worth $174,060,000 after acquiring an additional 75,685 shares in the last quarter. Marshall Financial Group LLC bought a new stake in Relx during the fourth quarter worth $995,000. MGO One Seven LLC raised its position in Relx by 44.5% during the fourth quarter. MGO One Seven LLC now owns 16,323 shares of the technology company’s stock worth $452,000 after acquiring an additional 5,028 shares in the last quarter. Profund Advisors LLC raised its position in Relx by 8.5% during the fourth quarter. Profund Advisors LLC now owns 17,976 shares of the technology company’s stock worth $498,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Eagle Ridge Investment Management raised its position in shares of Relx by 2.8% in the first quarter. Eagle Ridge Investment Management now owns 306,935 shares of the technology company’s stock valued at $9,957,000 after purchasing an additional 8,311 shares during the period. Institutional investors and hedge funds own 3.45% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on RELX shares. JPMorgan Chase & Co. decreased their price objective on shares of Relx from GBX 3,100 ($39.42) to GBX 3,040 ($38.65) in a report on Wednesday, June 28th. StockNews.com began coverage on shares of Relx in a report on Thursday, May 18th. They issued a “hold” rating for the company.
Relx Trading Up 1.6 %
Relx stock opened at $33.43 on Monday. Relx has a twelve month low of $23.39 and a twelve month high of $34.07. The company has a 50 day moving average of $32.00 and a 200-day moving average of $30.81. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.
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.