Short Interest in Oriental Land (OTCMKTS:OLCLY) Declines By 84.0%

Oriental Land (OTCMKTS:OLCLY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,023 shares, a drop of 84.0% from the July 15th total of 25,066 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 44,739 shares, the days-to-cover ratio is presently 0.1 days.

Oriental Land Stock Performance

OLCLY traded up $0.33 during trading hours on Thursday, hitting $18.72. The company’s stock had a trading volume of 30,670 shares, compared to its average volume of 105,601. The company has a 50-day simple moving average of $16.13 and a 200 day simple moving average of $16.25. The company has a current ratio of 3.27, a quick ratio of 3.15 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $30.69 billion, a PE ratio of 34.67 and a beta of 0.44. Oriental Land has a fifty-two week low of $12.94 and a fifty-two week high of $26.98.

Oriental Land (OTCMKTS:OLCLY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter. Oriental Land had a return on equity of 12.36% and a net margin of 18.75%.The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts expect that Oriental Land will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Oriental Land to a “hold” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Oriental Land has an average rating of “Hold”.

About Oriental Land

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.