DENTSPLY SIRONA Inc (NASDAQ:XRAY) Short Interest Update

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DENTSPLY SIRONA Inc (NASDAQ:XRAY) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,080,000 shares, a decrease of 13.0% from the January 15th total of 3,540,000 shares. Based on an average daily trading volume, of 1,343,500 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.4% of the shares of the stock are short sold.

Shares of DENTSPLY SIRONA stock opened at $57.85 on Friday. DENTSPLY SIRONA has a fifty-two week low of $40.86 and a fifty-two week high of $60.87. The firm has a market cap of $12.78 billion, a PE ratio of 80.35, a P/E/G ratio of 1.80 and a beta of 0.92. The business’s fifty day moving average is $57.88 and its two-hundred day moving average is $55.19. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.30.

A number of brokerages have commented on XRAY. JPMorgan Chase & Co. cut DENTSPLY SIRONA from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Wednesday, December 11th. They noted that the move was a valuation call. Barclays reiterated a “hold” rating and set a $64.00 target price on shares of DENTSPLY SIRONA in a report on Sunday, January 19th. HC Wainwright reissued a “hold” rating and set a $60.00 price target on shares of DENTSPLY SIRONA in a research note on Friday, November 15th. BidaskClub lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Zacks Investment Research raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.27.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of DENTSPLY SIRONA by 3.2% in the 2nd quarter. BlackRock Inc. now owns 14,735,875 shares of the medical instruments supplier’s stock worth $859,985,000 after buying an additional 458,934 shares during the period. State Street Corp raised its position in shares of DENTSPLY SIRONA by 1.0% in the 4th quarter. State Street Corp now owns 9,714,353 shares of the medical instruments supplier’s stock worth $550,700,000 after buying an additional 95,478 shares during the period. Goldman Sachs Group Inc. raised its position in shares of DENTSPLY SIRONA by 40.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,057,912 shares of the medical instruments supplier’s stock worth $229,636,000 after buying an additional 1,178,062 shares during the period. Champlain Investment Partners LLC raised its position in shares of DENTSPLY SIRONA by 7.5% in the 4th quarter. Champlain Investment Partners LLC now owns 3,614,605 shares of the medical instruments supplier’s stock worth $204,550,000 after buying an additional 253,360 shares during the period. Finally, Parnassus Investments CA raised its position in shares of DENTSPLY SIRONA by 33.0% in the 4th quarter. Parnassus Investments CA now owns 3,197,571 shares of the medical instruments supplier’s stock worth $180,951,000 after buying an additional 793,582 shares during the period. 94.51% of the stock is currently owned by institutional investors.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

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