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

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

Rotork Stock Performance

Shares of Rotork stock opened at $6.42 on Friday. Rotork has a 52 week low of $3.70 and a 52 week high of $6.70. The firm has a fifty day moving average of $5.51 and a two-hundred day moving average of $4.77.

Wall Street Analysts Forecast Growth

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

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.