I had a look at my C33. It's an older model, but the baffle mechanism looks the same.
The pivot rod toggles between the upper an lower positions. By toggle, I mean that is rotated to one position or the other via a toggle spring mechanism (not visible). If the baffle is in the upper lock position, and you turn the knob slightly away from lock, it will snap back to the lock position. If you turn the knob more than half way to the unlock position, it will snap to the unlock position. It will go one way, or the other, and not stay in some intermediate position. That's what I mean by "toggling".
To check if the toggle mechanism is working, set the knob to the unlock position, and then turn it slightly away from the unlock position. Let go of the knob, and it should snap back to the unlock position. Do the same at the lock position. If the knob doesn't snap back, then the toggle mechanism is faulty.
If the mechanism seems to be toggling, then the next thing to check is the orientation of the flat on the pivot shaft. The baffle is connected to the pivot shaft via a flat spring steel strip. The spring steel strip is riveted to the baffle, and screwed to the flat on the pivot shaft. The baffle should be parallel to the flat on the pivot shaft. With the baffle in the down position (not blocking light), look at the orientation of the that flat. The flat should be tilted down slightly below horizontal. You should be able to see this clearly with a flashlight pointed under the flap. If that flat is tilted up, then the shaft hasn't rotated far enough, so there is some issue with the stop for the shaft (which can't be seen). If the flat is tilted below horizontal, then the baffle should also be tilted below horizontal, which it obviously isn't in your case, so this means the spring steel strip is bent, and you could probably bend it back into position.
The reason the baffle is attached by a spring steel strip is to ensure a good seal. The pivot shaft over-rotates in both the locked and unlocked positions. This means the flat on the shaft is more than 90 degrees in the up position, and below 0 degrees in the down position. The spring steel strip allows some compliance to clamp the seal, or to keep the baffle out of the image zone.