A quantum device for measuring two-body interactions, scalar magnetic fields and rotations is proposed using a Bose-Einstein condensate (BEC) in a ring trap. We consider an imbalanced superposition of orbital angular momentum modes with opposite winding numbers for which a rotating minimal atomic density line appears. We derive an analytical model relating the angular frequency of the minimal density line rotation to the strength of the nonlinear atom-atom interactions and the difference between the populations of the counter-propagating modes. Additionally, we propose a full experimental protocol based on direct fluorescence imaging of the BEC that allows to measure all the quantities involved in the analytical model and use the system for sensing purposes.In this article, we propose to use a BEC trapped in a two-dimensional (2D) ring potential for measuring with high sensitivity nonlinear interactions, scalar magnetic fields and rotations. We consider an imbalanced superposition of counter-rotating orbital angular momentum (OAM) modes, whose spatial density distribution presents a minimal line. A weak two-body interaction between the atoms of the BEC leads to a rotation of the minimal atomic density line whose angular frequency is directly related to the strength of such interactions. This phenomenon is somehow reminiscent of the propagation of gray solitons, which originate in repulsively interacting BECs due to a compensation between the kinetic and mean field interaction energies. In this case, however, the minimal density line appears for attractive, repulsive or even non-interacting BECs, and is a consequence of the interference between the counter-propagating modes that takes place due to the circular geometry of the system.The rest of the paper is organized as follows. In section 2 we describe the physical system and we derive an analytical expression that accounts for the rotation of the line of minimal density. In section 3, we take profit of this expression to propose a full experimental protocol to measure the interaction strength, which is proportional to the s-wave scattering length. Far from the resonant field or with a dilute enough BEC, the relation between the scattering length and the applied magnetic field given by Feshbach resonances could be exploited to use the system as a novel type of scalar magnetometer. We also outline the possibility of using the system as a rotation sensor. Finally, in section 4 we summarize the main conclusions. In appendix A we derive the general equations that govern the dynamics of a BEC carrying OAM in a ring potential, and in appendix B we give further details about the experimental implementation of the measurement protocol.