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

Varex Imaging Co. (NASDAQ:VREX) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 1,380,000 shares, a drop of 16.9% from the November 30th total of 1,660,000 shares. Based on an average trading volume of 588,500 shares, the days-to-cover ratio is currently 2.3 days.

Varex Imaging Stock Down 2.7 %

NASDAQ:VREX opened at $14.42 on Tuesday. Varex Imaging has a one year low of $10.19 and a one year high of $21.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. The company has a market cap of $594.55 million, a PE ratio of -12.32 and a beta of 0.60. The firm’s 50 day simple moving average is $14.72 and its 200 day simple moving average is $13.49.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.

Hedge Funds Weigh In On Varex Imaging

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC bought a new position in Varex Imaging during the 2nd quarter worth $26,000. Natixis Advisors LLC bought a new stake in Varex Imaging in the second quarter valued at approximately $210,000. Pzena Investment Management LLC increased its position in Varex Imaging by 41.5% during the 2nd quarter. Pzena Investment Management LLC now owns 2,569,213 shares of the company’s stock valued at $37,845,000 after purchasing an additional 753,454 shares during the period. Isthmus Partners LLC increased its position in Varex Imaging by 1.2% during the 2nd quarter. Isthmus Partners LLC now owns 172,022 shares of the company’s stock valued at $2,534,000 after purchasing an additional 2,058 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in shares of Varex Imaging by 27.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 44,696 shares of the company’s stock worth $658,000 after purchasing an additional 9,598 shares during the period.

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.