Short Interest: What’s in VARITRONIX INTERNATIONAL LTD (OTCMKTS:VARXY) After Rise in Shorted Shares?

November 18, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest: What’s in VARITRONIX INTERNATIONAL LTD (OTCMKTS:VARXY) After Rise in Shorted Shares?

The stock of VARITRONIX INTERNATIONAL LTD (OTCMKTS:VARXY) registered an increase of 50% in short interest. VARXY’s total short interest was 900 shares in November as published by FINRA. Its up 50% from 600 shares, reported previously. With 1,400 shares average volume, it will take short sellers 1 days to cover their VARXY’s short positions. The stock last traded at $3 per share. It is down 10.71% since April 21, 2016 and is downtrending. It has underperformed by 15.14% the S&P500.

Varitronix International Limited is a Hong Kong investment holding firm principally engaged in liquid crystal display businesses. The company has a market cap of $441.03 million. The main businesses of the Company include the design, manufacture and sales of LCD and related products. It currently has negative earnings. The Company’s products include automotive displays, industrial displays, white goods displays and displays for medical products, among others.

VARXY Company Profile

Varitronix International Limited (Varitronix), incorporated on May 10, 1991, is an investment holding company. The principal activities of the Company are design, manufacture and sale of liquid crystal displays (LCDs) and related products. Varitronix offers solutions for a range of applications, from automotive and industrial to other applications. The Company’s products include Twisted Nematic (TN) and Super Twisted Nematic (STN) displays; Improved Black Nematic (IBN); Improved Super Twisted Nematic (ISTN); Touch Panel; thin-film transistor (TFT), which includes Color TFT and Mono TFT, and Bi-stable Cholesteric Displays (BCD). Varitronix offers a series of touch panel products.

More notable recent Varitronix International Ltd (OTCMKTS:VARXY) news were published by: Bizjournals.com which released: “Arrow Electronics launches $105M tender offer for Germany’s Data Modul AG” on January 28, 2015, also Prnewswire.com with their article: “Fast Developing FPC Manufacturer – Shenzhen Xindahui Flex Circuit Technology …” published on December 18, 2012, Reuters.com published: “Varitronix International Company enters master subcontracting agreement with BOE” on October 27, 2016. More interesting news about Varitronix International Ltd (OTCMKTS:VARXY) were released by: Reuters.com and their article: “Varitronix International issues profit warning<0710.HK>” published on June 30, 2016 as well as Reuters.com‘s news article titled: “Varitronix International Ltd recommends interim dividend” with publication date: August 10, 2015.

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By Winifred Garcia


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