Short Interest in Varex Imaging Co. (NASDAQ:VREX) Grows By 37.2%

Varex Imaging Co. (NASDAQ:VREX - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,170,000 shares, a growth of 37.2% from the January 31st total of 853,000 shares. Based on an average daily trading volume, of 590,400 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VREX. StockNews.com upgraded Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. B. Riley reaffirmed a "buy" rating and issued a $22.00 target price (up from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. Finally, Oppenheimer dropped their price objective on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, February 7th.

Varex Imaging Trading Up 0.2 %

Shares of NASDAQ:VREX traded up $0.02 during mid-day trading on Friday, reaching $12.74. The stock had a trading volume of 115,338 shares, compared to its average volume of 484,020. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. Varex Imaging has a twelve month low of $10.19 and a twelve month high of $18.30. The firm has a 50 day simple moving average of $13.62 and a two-hundred day simple moving average of $13.38. The firm has a market cap of $524.97 million, a PE ratio of -10.89 and a beta of 0.62.

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Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. On average, research analysts predict that Varex Imaging will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Varex Imaging

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in shares of Varex Imaging by 89.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 66,950 shares of the company's stock worth $977,000 after purchasing an additional 31,699 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Varex Imaging by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,466 shares of the company's stock valued at $1,539,000 after acquiring an additional 8,080 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Varex Imaging in the 4th quarter valued at $48,000. ProShare Advisors LLC purchased a new position in Varex Imaging in the 4th quarter worth approximately $159,000. Finally, Nuveen Asset Management LLC raised its position in Varex Imaging by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company's stock valued at $2,354,000 after purchasing an additional 791 shares during the last quarter.

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.