Oriental Land (OTCMKTS:OLCLY) Sees Large Increase in Short Interest

by · The Markets Daily

Oriental Land (OTCMKTS:OLCLY – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 19,444 shares, a growth of 210.7% from the August 31st total of 6,259 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 29,071 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Oriental Land to a “hold” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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Oriental Land Trading Up 3.0%

OTCMKTS:OLCLY traded up $0.56 on Friday, reaching $19.20. The company’s stock had a trading volume of 10,640 shares, compared to its average volume of 13,521. Oriental Land has a 1-year low of $12.94 and a 1-year high of $24.63. The business’s 50-day moving average price is $18.98 and its two-hundred day moving average price is $16.64. The firm has a market cap of $31.48 billion, a PE ratio of 35.56 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.62 and a current ratio of 3.77.

Oriental Land (OTCMKTS:OLCLY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter. Oriental Land had a return on equity of 12.35% and a net margin of 18.75%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities research analysts anticipate that Oriental Land will post 0.51 earnings per share for the current fiscal year.

Oriental Land Company Profile

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Oriental Land Co, Ltd. is a Japanese entertainment company best known for operating Tokyo Disney Resort in Urayasu, Chiba Prefecture. The resort includes Tokyo Disneyland and Tokyo DisneySea, along with Disney-themed hotels, shopping and dining facilities, and related leisure attractions. Oriental Land operates the resort under a licensing agreement with The Walt Disney Company.

Founded in 1960, Oriental Land initially focused on developing land and tourist facilities in the Maihama area.

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