Short Interest in Varex Imaging Co. (NASDAQ:VREX) Drops By 26.8%

Varex Imaging Co. (NASDAQ:VREX - Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,010,000 shares, a decrease of 26.8% from the December 15th total of 1,380,000 shares. Based on an average daily trading volume, of 578,500 shares, the short-interest ratio is currently 1.7 days.

Varex Imaging Stock Up 0.4 %

NASDAQ VREX traded up $0.06 during trading hours on Wednesday, reaching $13.58. 226,449 shares of the company traded hands, compared to its average volume of 382,074. The stock has a market capitalization of $559.92 million, a PE ratio of -11.61 and a beta of 0.63. The company has a current ratio of 3.32, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72. Varex Imaging has a 12 month low of $10.19 and a 12 month high of $20.27. The company has a 50 day moving average of $14.93 and a two-hundred day moving average of $13.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Varex Imaging from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th.

Hedge Funds Weigh In On Varex Imaging

Hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in Varex Imaging by 27.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 44,696 shares of the company's stock worth $658,000 after buying an additional 9,598 shares during the last quarter. American Century Companies Inc. boosted its holdings in Varex Imaging by 13.1% in the second quarter. American Century Companies Inc. now owns 38,915 shares of the company's stock worth $573,000 after purchasing an additional 4,509 shares during the period. WINTON GROUP Ltd increased its stake in Varex Imaging by 37.7% during the second quarter. WINTON GROUP Ltd now owns 61,316 shares of the company's stock valued at $903,000 after purchasing an additional 16,797 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Varex Imaging by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company's stock worth $5,302,000 after purchasing an additional 2,250 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Varex Imaging during the second quarter worth $211,000.

Varex Imaging Company Profile

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.