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

Rotork plc (OTCMKTS:RTOXF) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,970 shares, a drop 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 Price Performance

Shares of OTCMKTS RTOXF remained flat at $6.02 during mid-day trading on Friday. The firm’s 50 day moving average price is $6.43 and its 200 day moving average price is $5.11. Rotork has a fifty-two week low of $3.70 and a fifty-two week high of $6.70.

Wall Street Analyst Weigh In

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

About Rotork

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.