Rotork plc (OTCMKTS:RTOXF – Get 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 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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