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

Varex Imaging Co. (NASDAQ:VREX) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,660,000 shares, a growth of 23.0% from the November 15th total of 1,350,000 shares. Based on an average daily volume of 760,000 shares, the days-to-cover ratio is currently 2.2 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Varex Imaging

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of Varex Imaging in the 1st quarter valued at about $207,000. Wedge Capital Management L L P NC lifted its position in shares of Varex Imaging by 3.9% during the second quarter. Wedge Capital Management L L P NC now owns 81,579 shares of the company’s stock valued at $1,202,000 after purchasing an additional 3,068 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in 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 during the last quarter. Innealta Capital LLC purchased a new stake in Varex Imaging in the 2nd quarter valued at about $26,000. Finally, Natixis Advisors LLC bought a new position in shares of Varex Imaging during the 2nd quarter worth approximately $210,000.

Varex Imaging Stock Down 0.5 %

VREX stock traded down $0.08 during trading on Friday, hitting $15.44. The company had a trading volume of 326,307 shares, compared to its average volume of 737,915. The business has a 50-day moving average of $14.07 and a 200-day moving average of $13.58. 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 one year low of $10.19 and a one year high of $21.50.

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.