RELX PLC (NYSE:RELX) Short Interest Up 81.0% in August

Key Points

• Short Interest Growth: Relx Plc experienced an 81% increase in short interest in August, reaching a total of 1,800,000 shares, with a short-interest ratio of 1.6 days based on an average trading volume.
• Analyst Rating Changes: The stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen, although it maintains an average rating of "Buy" from analysts.
• Dividend Announcement: Relx announced a semi-annual dividend of $0.2634, with a high dividend yield of 170% and a payout ratio of 28.49%.

RELX PLC (NYSE:RELX - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 1,800,000 shares, a growth of 81.0% from the July 31st total of 994,300 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of RELX from a "buy" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat.com, RELX presently has an average rating of "Buy".

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of RELX by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of RELX in the first quarter worth approximately $28,000. NewSquare Capital LLC increased its position in shares of RELX by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company's stock worth $31,000 after acquiring an additional 475 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of RELX by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in RELX by 99.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company's stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

RELX Trading Down 0.1%

Shares of RELX stock traded down $0.05 during trading on Tuesday, hitting $47.26. The stock had a trading volume of 887,571 shares, compared to its average volume of 1,526,071. The stock has a 50 day simple moving average of $50.21 and a 200 day simple moving average of $51.17. The company has a market capitalization of $86.70 billion, a PE ratio of 25.41, a P/E/G ratio of 3.09 and a beta of 0.87. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. RELX has a 1 year low of $44.19 and a 1 year high of $56.33.

RELX Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be given a $0.2634 dividend. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend is Friday, August 8th. RELX's dividend payout ratio (DPR) is 28.49%.

RELX Company Profile

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.