Rotork plc (OTCMKTS:RTOXF) Stock Short Interest Drops 87.6%

Rotork plc (OTCMKTS:RTOXF) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,970 shares, a decrease of 87.6% from the September 15th total of 15,845 shares. Based on an average daily trading volume, of 132 shares, the days-to-cover ratio is presently 14.9 days.

Rotork Stock Performance

Shares of RTOXF remained flat at $6.02 during midday trading on Friday. The stock has a 50-day moving average price of $6.43 and a 200-day moving average price of $5.11. Rotork has a fifty-two week low of $3.70 and a fifty-two week high of $6.70.

Analyst Upgrades and Downgrades

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

Rotork Company Profile

Rotork plc is a United Kingdom-based industrial engineering company that designs and manufactures equipment for the control and automation of fluid-handling processes. Its products are used to operate and monitor valves and other flow-control equipment in applications where the movement of liquids, gases, or powders must be regulated safely and reliably.

The company’s product portfolio includes electric, pneumatic, hydraulic, and electro-hydraulic valve actuators, as well as gearboxes, control systems, instrumentation, and valve-monitoring technologies.