Short Interest in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Drops By 28.2%

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 9,890,000 shares, a decrease of 28.2% from the October 31st total of 13,770,000 shares. Based on an average daily trading volume, of 3,100,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 5.0% of the company’s shares are short sold.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY opened at $19.65 on Friday. The firm’s fifty day simple moving average is $22.55 and its 200 day simple moving average is $24.79. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. DENTSPLY SIRONA has a twelve month low of $17.21 and a twelve month high of $37.60. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of -9.49, a PEG ratio of 1.93 and a beta of 1.02.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The company had revenue of $951.00 million for the quarter, compared to analysts’ expectations of $939.10 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that DENTSPLY SIRONA will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of DENTSPLY SIRONA

Large investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of DENTSPLY SIRONA by 430.3% during the third quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 753 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in DENTSPLY SIRONA during the 3rd quarter worth $27,000. LRI Investments LLC lifted its holdings in DENTSPLY SIRONA by 82.7% in the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock worth $31,000 after buying an additional 564 shares in the last quarter. Rothschild Investment LLC purchased a new position in DENTSPLY SIRONA in the 2nd quarter valued at about $32,000. Finally, Kennebec Savings Bank acquired a new stake in shares of DENTSPLY SIRONA during the third quarter valued at about $35,000. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Leerink Partnrs cut shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird dropped their price objective on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, Barrington Research reduced their target price on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus price target of $29.50.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.