Varex Imaging Corp Stock Short Ratio

VREX Stock

USD 16.39 0.25 1.50%

Varex Imaging Corp fundamentals help investors to digest information that contributes to Varex Imaging's financial success or failures. It also enables traders to predict the movement of Varex Stock. The fundamental analysis module provides a way to measure Varex Imaging's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Varex Imaging stock.

Other Current Liab Total Assets

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Varex Imaging Corp Company Short Ratio Analysis

Varex Imaging's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Short Ratio

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Varex Imaging Short Ratio

3.78 X

Most of Varex Imaging's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Varex Imaging Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Varex Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Varex Imaging is extremely important. It helps to project a fair market value of Varex Stock properly, considering its historical fundamentals such as Short Ratio. Since Varex Imaging's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Varex Imaging's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Varex Imaging's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Accounts Payable	Net Receivables	Good Will	Total Liab	Long Term Investments	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Debt	Total Permanent Equity	Retained Earnings	Long Term Debt	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Net Invested Capital	Short Long Term Debt	Net Working Capital	Capital Stock
Total Assets		0.68	-0.76	0.63	0.93	0.89	0.77	0.99	0.98	-0.49	0.97	0.56	-0.91	0.98	0.56	0.81	0.54	-0.54	-0.45	0.79	-0.86	0.6	-0.08	0.5	-0.29
Total Stockholder Equity	0.68		-0.08	0.67	0.39	0.56	0.45	0.6	0.52	-0.57	0.76	0.01	-0.36	0.71	0.34	0.64	0.58	-0.27	-0.19	0.73	-0.71	0.71	-0.01	0.66	-0.36
Net Tangible Assets	-0.76	-0.08		-0.31	-0.93	-0.72	-0.61	-0.83	-0.87	0.1	-0.62	-0.8	0.92	-0.71	-0.55	-0.54	-0.22	0.53	0.51	-0.38	0.56	-0.15	0.0	0.0	0.15
Current Deferred Revenue	0.63	0.67	-0.31		0.49	0.48	0.45	0.57	0.54	-0.4	0.62	0.36	-0.43	0.59	0.23	0.35	0.7	-0.29	-0.47	0.32	-0.42	0.4	-0.12	0.37	-0.09
Net Debt	0.93	0.39	-0.93	0.49		0.89	0.75	0.96	0.98	-0.29	0.84	0.74	-0.97	0.89	0.55	0.69	0.42	-0.59	-0.54	0.6	-0.73	0.37	-0.08	0.26	-0.18
Accounts Payable	0.89	0.56	-0.72	0.48	0.89		0.68	0.9	0.89	-0.27	0.84	0.56	-0.86	0.86	0.43	0.68	0.42	-0.52	-0.53	0.65	-0.79	0.48	-0.18	0.38	-0.22
Net Receivables	0.77	0.45	-0.61	0.45	0.75	0.68		0.73	0.78	-0.55	0.8	0.3	-0.8	0.69	0.51	0.59	0.62	-0.44	-0.38	0.63	-0.61	0.57	0.03	0.56	-0.33
Good Will	0.99	0.6	-0.83	0.57	0.96	0.9	0.73		0.99	-0.4	0.92	0.64	-0.94	0.96	0.57	0.8	0.5	-0.61	-0.53	0.74	-0.85	0.5	-0.07	0.38	-0.24
Total Liab	0.98	0.52	-0.87	0.54	0.98	0.89	0.78	0.99		-0.42	0.92	0.64	-0.96	0.95	0.56	0.77	0.47	-0.56	-0.47	0.72	-0.81	0.51	-0.09	0.41	-0.24
Long Term Investments	-0.49	-0.57	0.1	-0.4	-0.29	-0.27	-0.55	-0.4	-0.42		-0.65	0.33	0.41	-0.46	-0.5	-0.69	-0.69	0.14	-0.08	-0.78	0.6	-0.84	-0.27	-0.83	0.56
Total Current Assets	0.97	0.76	-0.62	0.62	0.84	0.84	0.8	0.92	0.92	-0.65		0.36	-0.84	0.95	0.53	0.82	0.6	-0.45	-0.32	0.88	-0.87	0.74	-0.08	0.69	-0.34
Intangible Assets	0.56	0.01	-0.8	0.36	0.74	0.56	0.3	0.64	0.64	0.33	0.36		-0.6	0.55	0.25	0.19	0.02	-0.52	-0.58	-0.02	-0.19	-0.28	-0.14	-0.38	0.24
Common Stock	-0.91	-0.36	0.92	-0.43	-0.97	-0.86	-0.8	-0.94	-0.96	0.41	-0.84	-0.6		-0.85	-0.62	-0.76	-0.48	0.59	0.52	-0.67	0.78	-0.47	0.0	-0.34	0.29
Property Plant Equipment	0.98	0.71	-0.71	0.59	0.89	0.86	0.69	0.96	0.95	-0.46	0.95	0.55	-0.85		0.56	0.82	0.43	-0.53	-0.37	0.8	-0.83	0.57	-0.05	0.48	-0.29
Short Term Debt	0.56	0.34	-0.55	0.23	0.55	0.43	0.51	0.57	0.56	-0.5	0.53	0.25	-0.62	0.56		0.76	0.39	-0.5	-0.17	0.52	-0.52	0.4	0.77	0.18	-0.81
Total Permanent Equity	0.81	0.64	-0.54	0.35	0.69	0.68	0.59	0.8	0.77	-0.69	0.82	0.19	-0.76	0.82	0.76		0.54	-0.64	-0.31	0.89	-0.86	0.64	0.31	0.51	-0.55
Retained Earnings	0.54	0.58	-0.22	0.7	0.42	0.42	0.62	0.5	0.47	-0.69	0.6	0.02	-0.48	0.43	0.39	0.54		-0.5	-0.53	0.51	-0.53	0.56	0.13	0.52	-0.25
Long Term Debt	-0.54	-0.27	0.53	-0.29	-0.59	-0.52	-0.44	-0.61	-0.56	0.14	-0.45	-0.52	0.59	-0.53	-0.5	-0.64	-0.5		0.82	-0.34	0.43	0.06	-0.19	0.12	0.01
Long Term Debt Total	-0.45	-0.19	0.51	-0.47	-0.54	-0.53	-0.38	-0.53	-0.47	-0.08	-0.32	-0.58	0.52	-0.37	-0.17	-0.31	-0.53	0.82		-0.07	0.32	0.15	0.15	0.21	-0.22
Capital Surpluse	0.79	0.73	-0.38	0.32	0.6	0.65	0.63	0.74	0.72	-0.78	0.88	-0.02	-0.67	0.8	0.52	0.89	0.51	-0.34	-0.07		-0.91	0.86	0.03	0.8	-0.47
Deferred Long Term Liab	-0.86	-0.71	0.56	-0.42	-0.73	-0.79	-0.61	-0.85	-0.81	0.6	-0.87	-0.19	0.78	-0.83	-0.52	-0.86	-0.53	0.43	0.32	-0.91		-0.78	0.05	-0.62	0.43
Net Invested Capital	0.6	0.71	-0.15	0.4	0.37	0.48	0.57	0.5	0.51	-0.84	0.74	-0.28	-0.47	0.57	0.4	0.64	0.56	0.06	0.15	0.86	-0.78		0.05	0.93	-0.61
Short Long Term Debt	-0.08	-0.01	0.0	-0.12	-0.08	-0.18	0.03	-0.07	-0.09	-0.27	-0.08	-0.14	0.0	-0.05	0.77	0.31	0.13	-0.19	0.15	0.03	0.05	0.05		-0.13	-0.74
Net Working Capital	0.5	0.66	0.0	0.37	0.26	0.38	0.56	0.38	0.41	-0.83	0.69	-0.38	-0.34	0.48	0.18	0.51	0.52	0.12	0.21	0.8	-0.62	0.93	-0.13		-0.4
Capital Stock	-0.29	-0.36	0.15	-0.09	-0.18	-0.22	-0.33	-0.24	-0.24	0.56	-0.34	0.24	0.29	-0.29	-0.81	-0.55	-0.25	0.01	-0.22	-0.47	0.43	-0.61	-0.74	-0.4

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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

Competition

Predict Varex Imaging

Based on the latest financial disclosure, Varex Imaging Corp has a Short Ratio of 3.78 times. This is 3.08% lower than that of the Health Care Equipment & Supplies sector and about the same as Health Care (which currently averages 3.77) industry. The short ratio for all United States stocks is 5.5% higher than that of the company.

Varex Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Varex Imaging's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Varex Imaging could also be used in its relative valuation, which is a method of valuing Varex Imaging by comparing valuation metrics of similar companies.

Varex Imaging is currently under evaluation in short ratio category among its peers.

Varex Imaging ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Varex Imaging's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Varex Imaging's managers, analysts, and investors.

Environmental

Governance

Social

Varex Imaging Institutional Holders

Institutional Holdings refers to the ownership stake in Varex Imaging that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Varex Imaging's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Varex Imaging's value.

		Shares
Millennium Management Llc	2024-06-30	597.9 K
Jpmorgan Chase & Co	2024-06-30	517 K
Bank Of America Corp	2024-06-30	512.1 K
Charles Schwab Investment Management Inc	2024-09-30	450.5 K
Royce & Associates, Lp	2024-09-30	438.1 K
Northern Trust Corp	2024-09-30	437.6 K
Citadel Advisors Llc	2024-09-30	411.5 K
D. E. Shaw & Co Lp	2024-09-30	380.7 K
Bank Of New York Mellon Corp	2024-06-30	341.9 K
Blackrock Inc	2024-06-30	7.1 M
Pzena Investment Management, Llc	2024-09-30	3.9 M

Varex Fundamentals

	Return On Equity	0.0609
	Return On Asset	0.0231
	Profit Margin	0.04 %
	Operating Margin	0.04 %
	Current Valuation	953.8 M
	Shares Outstanding	41.1 M
	Shares Owned By Insiders	4.97 %
	Shares Owned By Institutions	99.11 %
	Number Of Shares Shorted	1.56 M
	Price To Earning	33.13 X
	Price To Book	1.28 X
	Price To Sales	0.82 X
	Revenue	811 M
	Gross Profit	283.5 M
	EBITDA	67.2 M
	Net Income	(47.2 M)
	Cash And Equivalents	99.6 M
	Cash Per Share	2.50 X
	Total Debt	470.4 M
	Debt To Equity	0.83 %
	Current Ratio	3.44 X
	Book Value Per Share	14.22 X
	Cash Flow From Operations	47.3 M
	Short Ratio	3.78 X
	Earnings Per Share	(1.17) X
	Price To Earnings To Growth	6.30 X
	Target Price	22.2
	Number Of Employees	2.3 K
	Beta	0.54
	Market Capitalization	683.9 M
	Total Asset	1.22 B
	Retained Earnings	70.4 M
	Working Capital	454 M
	Current Asset	388.51 M
	Current Liabilities	120.44 M
	Net Asset	1.22 B

About Varex Imaging Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Varex Imaging Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Varex Imaging using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Varex Imaging Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Varex Stock Analysis

When running Varex Imaging's price analysis, check to measure Varex Imaging's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.

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