How Is The Market Feeling About RELX?
Portfolio Pulse from Benzinga Insights
RELX (NYSE:RELX) has seen a 16.67% increase in short interest since the last report, with 1.32 million shares sold short, representing 0.07% of available shares. It would take about 1.7 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, RELX has less short interest compared to its peers, with an average of 3.05% short interest as a percentage of float in its peer group.
December 21, 2023 | 4:30 pm
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NEUTRAL IMPACT
RELX has experienced an increase in short interest, which could suggest bearish market sentiment. However, its short interest is still below the peer group average, which may mitigate negative perceptions.
The rise in short interest typically indicates that investors are expecting the price to decline. However, since RELX's short interest is below its peer average, this might not be a strong bearish signal. The short interest level is also relatively low in terms of the total float, and the article suggests that an increase in short interest can sometimes be bullish. Therefore, the impact on the stock price is uncertain, leading to a neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80