Rotork plc (OTCMKTS:RTOXF) Short Interest Down 82.0% in August

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

Analyst Upgrades and Downgrades

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

Rotork Price Performance

RTOXF opened at $6.70 on Friday. Rotork has a fifty-two week low of $3.70 and a fifty-two week high of $6.70. The company’s 50 day moving average price is $5.96 and its two-hundred day moving average price is $4.87.

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.