Short Interest in Rotork plc (OTCMKTS:RTOXF) Expands By 54.7%

Rotork plc (OTCMKTS:RTOXFGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 16,400 shares, a growth of 54.7% from the March 31st total of 10,600 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 18.2 days.

Separately, Royal Bank of Canada upgraded Rotork from an “underperform” rating to an “outperform” rating in a research report on Wednesday, March 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $3.95.

Rotork stock remained flat at $$3.76 during midday trading on Friday. Rotork has a 12-month low of $3.66 and a 12-month high of $5.07. The business’s fifty day moving average is $4.10 and its two-hundred day moving average is $4.50.

Rotork Company Profile (Get Rating)

Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.

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