Short Interest in Rotork plc (OTCMKTS:RTOXF) Declines By 75.4%

Rotork plc (OTCMKTS:RTOXF) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 85,508 shares, a decrease of 75.4% from the July 30th total of 347,965 shares. Based on an average daily trading volume, of 1,827 shares, the days-to-cover ratio is presently 46.8 days.

Analyst Ratings Changes

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

Rotork Stock Performance

RTOXF opened at $6.42 on Friday. The company has a fifty day moving average price of $5.46 and a 200-day moving average price of $4.75. Rotork has a one year low of $3.70 and a one year 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.