Rotork plc (OTCMKTS:RTOXF) Sees Significant Decrease in Short Interest

Rotork plc (OTCMKTS:RTOXF) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 15,407 shares, a decrease of 82.0% from the August 15th total of 85,508 shares. Based on an average daily volume of 267 shares, the days-to-cover ratio is presently 57.7 days.

Analysts Set New Price Targets

RTOXF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut shares of Rotork from a “buy” rating to a “hold” rating in a research note on Thursday, July 16th. BNP Paribas Exane downgraded Rotork from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut Rotork from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Rotork Stock Performance

Shares of OTCMKTS RTOXF remained flat at $6.70 during trading on Friday. The business’s fifty day moving average is $5.96 and its 200 day moving average is $4.87. Rotork has a 52-week low of $3.70 and a 52-week high of $6.70.

About Rotork

Rotork is a global provider of precision flow control equipment, specializing in the design, manufacture and distribution of industrial actuators, gearboxes and associated control systems. Its core product portfolio includes electric, pneumatic and hydraulic actuators, as well as manual gearing solutions, each engineered to automate and regulate the movement of valves, dampers and other critical process equipment.

Beyond its actuator range, Rotork offers a suite of instrumentation and control products, such as smart positioners, telemetry modules and condition-monitoring systems, designed to enhance process safety and efficiency.