Looking Into RELX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RELX's (NYSE:RELX) short interest has increased by 36.36% since the last report, with 2.84 million shares sold short, representing 0.15% of its float. It would take about 2.75 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards RELX, although it has less short interest compared to its peers, with an average of 3.15% in the peer group. This information suggests investors are showing increased bearishness but RELX is still below the peer average for short interest.
March 28, 2024 | 8:45 pm
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RELX's short interest has increased significantly, indicating a bearish market sentiment. However, it remains below the peer average, suggesting a mixed outlook.
The increase in short interest for RELX suggests that investors are becoming more bearish on the stock, potentially expecting a price decline. However, being below the peer average in short interest might mitigate the negative impact, as it indicates RELX is not as heavily shorted compared to its peers. This mixed signal could lead to short-term price volatility.
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