Varex Imaging (NASDAQ:VREX) Short Interest Up 53.1% in February

Varex Imaging (NASDAQ:VREX) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 1,243,917 shares, an increase of 53.1% from the January 29th total of 812,433 shares. Based on an average trading volume of 505,636 shares, the short-interest ratio is presently 2.5 days. Approximately 3.1% of the shares of the stock are short sold. Approximately 3.1% of the shares of the stock are short sold. Based on an average trading volume of 505,636 shares, the short-interest ratio is presently 2.5 days.

Varex Imaging Trading Down 0.2%

VREX opened at $13.15 on Tuesday. Varex Imaging has a 52 week low of $6.76 and a 52 week high of $14.56. The company has a quick ratio of 1.87, a current ratio of 3.89 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $13.32 and a 200-day simple moving average of $12.25. The firm has a market cap of $550.99 million, a P/E ratio of -8.02 and a beta of 0.88.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Varex Imaging had a negative net margin of 7.92% and a positive return on equity of 8.43%. The company had revenue of $209.60 million for the quarter, compared to analyst estimates of $207.83 million. Varex Imaging has set its Q2 2026 guidance at 0.150-0.250 EPS. On average, equities analysts expect that Varex Imaging will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Varex Imaging

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in Varex Imaging by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 57,720 shares of the company’s stock valued at $672,000 after purchasing an additional 1,261 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Varex Imaging by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company’s stock worth $133,000 after purchasing an additional 1,442 shares during the last quarter. Deutsche Bank AG lifted its stake in Varex Imaging by 5.7% in the 4th quarter. Deutsche Bank AG now owns 27,459 shares of the company’s stock valued at $320,000 after buying an additional 1,477 shares in the last quarter. LSV Asset Management grew its holdings in Varex Imaging by 0.5% during the 2nd quarter. LSV Asset Management now owns 328,610 shares of the company’s stock valued at $2,849,000 after buying an additional 1,631 shares during the last quarter. Finally, Comerica Bank grew its holdings in Varex Imaging by 9.3% during the 3rd quarter. Comerica Bank now owns 20,363 shares of the company’s stock valued at $253,000 after buying an additional 1,726 shares during the last quarter.

Analysts Set New Price Targets

VREX has been the subject of several recent research reports. Wall Street Zen raised Varex Imaging from a “buy” rating to a “strong-buy” rating in a report on Saturday. B. Riley Financial reissued a “buy” rating on shares of Varex Imaging in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Varex Imaging in a research report on Monday, December 29th. Oppenheimer dropped their price target on shares of Varex Imaging from $23.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group restated a “hold” rating and set a $14.50 price target on shares of Varex Imaging in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Varex Imaging currently has a consensus rating of “Hold” and an average price target of $16.17.

About Varex Imaging

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.