RELX’s RELX short percent of float has increased by 16.67% since its last report. The company recently announced that it has 1.28 million shares sold short, which accounts for 0.07% of all regular shares available for trading. Considering the trading volume, it would take traders an average of 1.84 days to cover their short positions.
Why Short Interest Matters
Short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. Short selling occurs when a trader sells shares of a company they do not currently own, with the expectation that the price will decline. Traders profit from short selling when the stock price drops, but they incur losses if it rises.
Monitoring short interest is important because it can serve as an indicator of market sentiment towards a particular stock. An increase in short interest can suggest that investors have become more bearish, while a decrease may indicate a more bullish outlook.
See Also: List of the most shorted stocks
RELX Short Interest Graph (3 Months)
As depicted in the above chart, the percentage of shares sold short for RELX has increased since the last report. However, this does not necessarily imply that the stock will fall in the near future. Traders should simply be aware that more shares are being shorted.
Comparing RELX’s Short Interest Against Its Peers
Comparing a company’s short interest to that of its peers is a popular technique among analysts and investors for assessing its performance. A company’s peers are other companies that share similar characteristics, such as industry, size, age, and financial structure. You can identify a company’s peers by reviewing its 10-K report, proxy filing, or conducting your own similarity analysis.
According to Benzinga Pro, the peer group average for short interest as a percentage of float is 4.05%. This indicates that RELX has lower short interest compared to most of its peers.
Did you know that increasing short interest can actually be favorable for a stock? This post by Benzinga Money explains how you can profit from it.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor.