Rotork plc (OTCMKTS:RTOXF) Short Interest Down 75.4% in August

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 trading volume of 1,827 shares, the days-to-cover ratio is presently 46.8 days.

Analyst Upgrades and Downgrades

RTOXF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut Rotork from a “buy” rating to a “hold” rating in a report on Thursday, July 16th. BNP Paribas Exane lowered shares of Rotork from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 21st. Finally, 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. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Rotork Price Performance

Shares of RTOXF stock remained flat at $6.42 on Thursday. 487 shares of the stock were exchanged, compared to its average volume of 4,372. Rotork has a twelve month low of $3.70 and a twelve month high of $6.70. The firm has a 50-day moving average of $5.42 and a 200-day moving average of $4.75.

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.