Varex Imaging Co. (NASDAQ:VREX) Short Interest Down 26.8% in December

Varex Imaging Co. (NASDAQ:VREX) was the recipient of a large decline in short interest in 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 short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VREX. Pzena Investment Management LLC boosted its holdings in shares of Varex Imaging by 51.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock valued at $46,379,000 after purchasing an additional 1,321,666 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Varex Imaging during the 3rd quarter valued at about $19,801,000. Geode Capital Management LLC boosted its holdings in shares of Varex Imaging by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company’s stock valued at $11,076,000 after purchasing an additional 4,211 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Varex Imaging by 230.6% during the 3rd quarter. Jane Street Group LLC now owns 551,157 shares of the company’s stock valued at $6,570,000 after purchasing an additional 384,448 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Varex Imaging by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company’s stock valued at $5,302,000 after purchasing an additional 2,250 shares during the last quarter.

Varex Imaging Trading Up 1.0 %

Shares of Varex Imaging stock opened at $13.52 on Wednesday. The company has a market capitalization of $557.44 million, a P/E ratio of -11.56 and a beta of 0.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The company has a fifty day moving average of $14.93 and a 200 day moving average of $13.43. Varex Imaging has a fifty-two week low of $10.19 and a fifty-two week high of $20.27.

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.