DENTSPLY International Inc (NASDAQ:XRAY) close to 52-week high, short interest ramping up

DENTSPLY International Inc (NASDAQ:XRAY) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $60.85, up by 0.46%, with a volume of 1,991,311 shares against an average volume for the last 3 months of 1,277,040.

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DENTSPLY International Inc (NASDAQ:XRAY) stock is currently trading 1.65% below its 52-week-high, 23.13% above its 52-week-low. The 1-year stock price history is in the range of $49.42 – $61.87. DENTSPLY International Inc (XRAY) has a price to earnings ratio of 31.35 versus Healthcare sector average of 45.44. XRAY stock price has outperformed the Nasdaq by 4.7%. The Dental Supplies & Equipment company is currently valued at $8.51 billion and its share price closed the last trading session at $60.85. The stock has a 50-day moving average of $54.9 and a 200-day moving average of $53.22.

DENTSPLY International Inc (XRAY) current short interest stands at 6.47 million shares. It has increased by 6% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.89 million shares, the number of days required to cover the short positions stand at 3.5 days.

XRAY reported last quarter earnings on October 28. The Dental Supplies & Equipment company announced earnings per share of $0.66 against a consensus Street estimate of $0.63, beating the average estimate by $0.03. This corresponds to a decrease of $0.05 compared to the same quarter of the previous fiscal year.

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There are currently fourteen analysts that cover DENTSPLY International Inc stock. Of those fourteen, nine have a Buy rating, four have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $61.5.

A recent analyst activity consisted of William Blair upgrading their rating to Outperform on September 21. On the date of report, the stock closed at $53.04.

Northcoast Research upgraded their Market Perform rating to Outperform on the same day. On the date of report, the stock closed at $53.04.

Another research firm was Baird who upgraded their rating to Outperform on September 16. Baird increased their price target on DENTSPLY International Inc from $58 to $61. This translates to a 0.25% upside from the last closing price. On the date of report, the stock closed at $53.

Company profile

DENTSPLY International Inc. manufactures and distributes dental supplies on a worldwide basis. The Company’s products include dental prosthetics, endodontic instruments, dental sealants, ultrasonic scalers, dental x-ray equipment, and intraoral cameras. DENTSPLY also provides impression materials, orthodontic appliances, and dental operatory software systems, and other dental products.

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