Varex Imaging Co. (NASDAQ:VREX) Sees Significant Decrease in Short Interest

Varex Imaging Co. (NASDAQ:VREX) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,010,000 shares, a decline of 26.8% from the December 15th total of 1,380,000 shares. Based on an average trading volume of 578,500 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a report on Thursday, January 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VREX. Canada Pension Plan Investment Board acquired a new stake in shares of Varex Imaging during the second quarter worth $38,000. Quest Partners LLC acquired a new stake in Varex Imaging during the 3rd quarter worth about $41,000. CWM LLC raised its position in shares of Varex Imaging by 2,384.2% in the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after acquiring an additional 9,203 shares in the last quarter. Inspire Advisors LLC boosted its position in shares of Varex Imaging by 29.8% during the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after purchasing an additional 3,245 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock valued at $194,000 after purchasing an additional 1,959 shares in the last quarter.

Varex Imaging Stock Up 0.9 %

Shares of VREX opened at $13.67 on Friday. The business has a 50-day moving average of $14.90 and a 200-day moving average of $13.44. 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 $20.27.

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.