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

Varex Imaging Co. (NASDAQ:VREX) was the recipient of a significant increase in short interest during the month of 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 days-to-cover ratio is currently 2.2 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VREX shares. B. Riley started coverage on Varex Imaging in a research report on Friday, August 23rd. They issued a “buy” rating and a $21.00 price objective on the stock. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th.

Varex Imaging Stock Performance

Shares of VREX opened at $15.44 on Friday. 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 one year low of $10.19 and a one year high of $21.50. The business has a fifty day moving average of $14.07 and a 200 day moving average of $13.58.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD bought a new stake in Varex Imaging during the 1st quarter worth approximately $207,000. Wedge Capital Management L L P NC boosted its stake in shares of Varex Imaging by 3.9% in the second quarter. Wedge Capital Management L L P NC now owns 81,579 shares of the company’s stock worth $1,202,000 after acquiring an additional 3,068 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Varex Imaging by 27.7% during the second quarter. Assenagon Asset Management S.A. now owns 135,124 shares of the company’s stock worth $1,990,000 after purchasing an additional 29,340 shares in the last quarter. Innealta Capital LLC bought a new stake in Varex Imaging during the 2nd quarter valued at approximately $26,000. Finally, Natixis Advisors LLC purchased a new position in Varex Imaging in the 2nd quarter worth approximately $210,000.

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.