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

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

Varex Imaging Stock Down 1.7 %

NASDAQ VREX traded down $0.25 during trading on Friday, hitting $14.82. The company’s stock had a trading volume of 340,361 shares, compared to its average volume of 513,209. Varex Imaging has a fifty-two week low of $10.19 and a fifty-two week 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 $611.04 million, a PE ratio of -12.67 and a beta of 0.60. The business’s 50 day simple moving average is $14.69 and its 200-day simple moving average is $13.51.

Hedge Funds Weigh In On Varex Imaging

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

Analyst Upgrades and Downgrades

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

About Varex Imaging

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.