Varex Imaging Co. (NASDAQ:VREX) Short Interest Down 16.9% in December

Varex Imaging Co. (NASDAQ:VREX) was the target of a significant decrease in short interest in 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 trading volume of 588,500 shares, the days-to-cover ratio is currently 2.3 days.

Varex Imaging Stock Performance

NASDAQ:VREX opened at $14.63 on Monday. Varex Imaging has a 1-year low of $10.19 and a 1-year high of $21.06. The firm has a 50 day simple moving average of $14.69 and a 200-day simple moving average of $13.50. The firm has a market cap of $603.21 million, a PE ratio of -12.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of Varex Imaging during the 2nd quarter valued at about $26,000. Canada Pension Plan Investment Board acquired a new position in Varex Imaging during the second quarter worth approximately $38,000. Quest Partners LLC purchased a new position in Varex Imaging during the third quarter worth approximately $41,000. CWM LLC boosted its holdings 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 valued at $114,000 after purchasing an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings 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 worth $169,000 after buying an additional 3,245 shares during the last quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report 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.