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

Oriental Land (OTCMKTS:OLCLY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 15,935 shares, a growth of 4,414.2% from the May 31st total of 353 shares. Based on an average daily trading volume, of 231,225 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Oriental Land Stock Up 1.0%

OTCMKTS OLCLY traded up $0.15 during midday trading on Thursday, hitting $14.79. 74,264 shares of the company traded hands, compared to its average volume of 110,558. Oriental Land has a 52 week low of $12.94 and a 52 week high of $26.98. The company’s 50-day simple moving average is $14.35 and its 200-day simple moving average is $16.55. The company has a market cap of $24.25 billion, a PE ratio of 29.58 and a beta of 0.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.51 and a quick ratio of 3.37.

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

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.