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

Varex Imaging Co. (NASDAQ:VREX - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,770,000 shares, an increase of 18.0% from the September 30th total of 1,500,000 shares. Based on an average daily trading volume, of 675,800 shares, the days-to-cover ratio is currently 2.6 days.

Insider Buying and Selling at Varex Imaging

In other news, CFO Shubham Maheshwari bought 9,007 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $10.98 per share, for a total transaction of $98,896.86. Following the completion of the purchase, the chief financial officer now directly owns 46,063 shares in the company, valued at $505,771.74. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Shubham Maheshwari acquired 9,007 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $10.98 per share, for a total transaction of $98,896.86. Following the purchase, the chief financial officer now owns 46,063 shares in the company, valued at $505,771.74. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the sale, the senior vice president now owns 275 shares in the company, valued at approximately $3,445.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Varex Imaging

Several institutional investors have recently bought and sold shares of VREX. Innealta Capital LLC purchased a new stake in Varex Imaging during the 2nd quarter valued at about $26,000. Canada Pension Plan Investment Board purchased a new stake in Varex Imaging during the 2nd quarter valued at about $38,000. Pacific Center for Financial Services bought a new position in Varex Imaging during the 1st quarter valued at approximately $94,000. CWM LLC raised its position in Varex Imaging by 2,384.2% during 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 raised its position in Varex Imaging by 29.8% during the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company's stock valued at $169,000 after purchasing an additional 3,245 shares during the last quarter.

Varex Imaging Price Performance

Varex Imaging stock traded up $0.24 during midday trading on Monday, hitting $13.15. 458,774 shares of the company's stock were exchanged, compared to its average volume of 480,486. Varex Imaging has a 52-week low of $10.19 and a 52-week high of $21.50. The stock has a 50-day moving average price of $11.80 and a two-hundred day moving average price of $13.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34. The company has a market cap of $537.84 million, a P/E ratio of 14.73 and a beta of 0.55.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The firm had revenue of $209.00 million during the quarter, compared to analysts' expectations of $209.50 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. Varex Imaging's revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities research analysts forecast that Varex Imaging will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley started coverage on Varex Imaging in a research report on Friday, August 23rd. They set a "buy" rating and a $21.00 target price for the company.

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.