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

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

Varex Imaging Trading Up 0.9 %

Shares of VREX opened at $13.67 on Friday. The firm’s 50 day moving average price is $14.90 and its two-hundred day moving average price is $13.44. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72. Varex Imaging has a twelve month low of $10.19 and a twelve month high of $20.27.

Analysts Set New Price Targets

Separately, StockNews.com cut Varex Imaging from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th.

Hedge Funds Weigh In On Varex Imaging

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new stake in shares of Varex Imaging in the third quarter valued at about $19,801,000. Pzena Investment Management LLC lifted its stake in Varex Imaging by 51.4% in the 3rd quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock valued at $46,379,000 after acquiring an additional 1,321,666 shares in the last quarter. Jane Street Group LLC lifted its stake in Varex Imaging by 230.6% in the 3rd quarter. Jane Street Group LLC now owns 551,157 shares of the company’s stock valued at $6,570,000 after acquiring an additional 384,448 shares in the last quarter. Weiss Asset Management LP acquired a new position in Varex Imaging during the 3rd quarter worth approximately $2,593,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Varex Imaging during the 3rd quarter worth approximately $2,411,000.

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.