Is Buying Dentsply Sirona Inc (NASDAQ:XRAY), Having Higher Short Interest a Winning Strategy?

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Logo

Investors sentiment is 0.75 in 2018 Q3. Its the same as in 2018Q2. It has no change, as 2 investors sold DENTSPLY SIRONA Inc. shares while 2 reduced holdings. only 1 funds opened positions while 2 raised stakes. 160,741 shares or 55.84% less from 364,014 shares in 2018Q2 were reported.
Gemmer Asset Mngmt Ltd Liability Co reported 65 shares or 0% of all its holdings. West Oak Capital Ltd invested in 140 shares. 69,937 were accumulated by Cardinal Cap Mngmt. Tirschwell And Loewy Incorporated has invested 0.06% in DENTSPLY SIRONA Inc. (NASDAQ:XRAY). Cibc World Markets Corporation reported 66,847 shares stake. Kentucky Retirement Systems holds 11,778 shares.

Since December 3, 2018, it had 0 insider purchases, and 1 insider sale for $279,140 activity.

The stock of Dentsply Sirona Inc (NASDAQ:XRAY) registered an increase of 14.31% in short interest. XRAY’s total short interest was 8.71M shares in January as published by FINRA. Its up 14.31% from 7.62M shares, reported previously. With 3.72 million shares average volume, it will take short sellers 2 days to cover their XRAY’s short positions. The short interest to Dentsply Sirona Inc’s float is 3.95%.

The stock increased 0.77% or $0.31 during the last trading session, reaching $40.35. About 752,861 shares traded. DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has declined 43.90% since January 11, 2018 and is downtrending. It has underperformed by 43.90% the S&P500.

DENTSPLY SIRONA Inc. designs, develops, makes, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company has market cap of $8.98 billion. It operates through two divisions, Dental and Healthcare Consumables; and Technologies. It currently has negative earnings. The firm provides dental consumable products, including endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprising dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Ratings Coverage

Among 8 analysts covering Dentsply Sirona (NASDAQ:XRAY), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Dentsply Sirona had 8 analyst reports since August 7, 2018 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, August 8 with “Buy”. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 7. The firm has “Equal-Weight” rating given on Wednesday, August 8 by Barclays Capital. The firm has “Market Perform” rating given on Thursday, August 9 by Barrington Research. The stock of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has “Equal-Weight” rating given on Wednesday, August 8 by Morgan Stanley. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 8 report. The firm has “Buy” rating by Goldman Sachs given on Friday, October 19. The firm has “Equal-Weight” rating by Stephens given on Wednesday, August 8.

More notable recent DENTSPLY SIRONA Inc. (NASDAQ:XRAY) news were published by: Globenewswire.com which released: “UPDATE – SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Dentsply Sirona, Inc. (XRAY) and Lead Plaintiff Deadline: February 19, 2019 – GlobeNewswire” on January 03, 2019, also Seekingalpha.com with their article: “Best And Worst Performing Nasdaq 100 Stocks Of 2018 – Seeking Alpha” published on May 25, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: WBT GS XRAY NVDA: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” on December 28, 2018. More interesting news about DENTSPLY SIRONA Inc. (NASDAQ:XRAY) were released by: Nasdaq.com and their article: “Can R&D Focus Drive DENTSPLY SIRONA’s (XRAY) Q3 Earnings? – Nasdaq” published on November 01, 2018 as well as Nasdaq.com‘s news article titled: “Analysts Estimate Dentsply International (XRAY) to Report a Decline in Earnings: What to Look Out for – Nasdaq” with publication date: November 01, 2018.

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Ratings Chart

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