Rotork plc (OTCMKTS:RTOXF) Sees Large Decline 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 short-interest ratio is currently 57.7 days.

Analysts Set New Price Targets

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

Rotork Trading Up 1.5%

Shares of RTOXF opened at $6.70 on Friday. The stock has a 50-day moving average price of $5.91 and a 200-day moving average price of $4.86. Rotork has a 12-month low of $3.70 and a 12-month high of $6.70.

Rotork Company Profile

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.