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

Oriental Land (OTCMKTS:OLCLY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 101,980 shares, an increase of 540.0% from the June 15th total of 15,935 shares. Based on an average daily volume of 194,759 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Oriental Land Stock Performance

OLCLY stock traded up $0.58 during midday trading on Friday, hitting $16.14. 45,719 shares of the company traded hands, compared to its average volume of 75,928. Oriental Land has a twelve month low of $12.94 and a twelve month high of $26.98. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 32.28 and a beta of 0.47. The company has a quick ratio of 3.37, a current ratio of 3.51 and a debt-to-equity ratio of 0.28. The business has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $16.35.

Oriental Land (OTCMKTS:OLCLY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.09 earnings per share for the quarter. Oriental Land had a net margin of 17.28% and a return on equity of 11.58%. The business had revenue of $1.11 billion during the quarter. As a group, equities research analysts predict that Oriental Land will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Oriental Land Company Profile

Oriental Land Co, Ltd. is a Japan-based leisure and hospitality company best known as the owner and operator of Tokyo Disney Resort under a licensing arrangement with The Walt Disney Company. The company’s core activities center on the planning, development, management and operation of large-scale themed entertainment facilities and associated resort businesses, with an emphasis on delivering guest services, attractions and seasonal programming designed to attract both domestic and international visitors.

Its principal assets include the two theme parks at Tokyo Disney Resort — Tokyo Disneyland and Tokyo DisneySea — along with multiple on-site hotels, an entertainment and retail complex, and resort transportation infrastructure.