Varex Imaging Co. (NASDAQ:VREX) Short Interest Update

Varex Imaging Co. (NASDAQ:VREX) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 1,660,000 shares, an increase of 23.0% from the November 15th total of 1,350,000 shares. Based on an average daily trading volume, of 760,000 shares, the short-interest ratio is presently 2.2 days.

Varex Imaging Stock Performance

Shares of NASDAQ:VREX opened at $15.44 on Friday. The stock’s 50-day moving average is $14.07 and its 200 day moving average is $13.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. Varex Imaging has a 1 year low of $10.19 and a 1 year high of $21.50.

Institutional Trading of Varex Imaging

Several large investors have recently bought and sold shares of the company. Barclays PLC lifted its position in Varex Imaging by 15.3% during the 3rd quarter. Barclays PLC now owns 97,883 shares of the company’s stock valued at $1,166,000 after acquiring an additional 12,966 shares during the period. Geode Capital Management LLC increased its stake in shares of Varex Imaging by 0.5% during the third quarter. Geode Capital Management LLC now owns 929,004 shares of the company’s stock valued at $11,076,000 after purchasing an additional 4,211 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Varex Imaging by 3,650.1% during the third quarter. Public Employees Retirement System of Ohio now owns 35,251 shares of the company’s stock valued at $420,000 after purchasing an additional 34,311 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Varex Imaging during the third quarter valued at approximately $204,000. Finally, XTX Topco Ltd bought a new stake in shares of Varex Imaging in the 3rd quarter worth approximately $785,000.

Analyst Upgrades and Downgrades

VREX has been the topic of a number of research reports. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. B. Riley initiated coverage on Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 price objective on the stock.

Varex Imaging Company Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.