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

Oriental Land (OTCMKTS:OLCLY) saw a significant growth in short interest in 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. Based on an average trading volume of 29,071 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Oriental Land Stock Up 3.0%

OTCMKTS:OLCLY traded up $0.56 on Friday, reaching $19.20. The stock had a trading volume of 10,640 shares, compared to its average volume of 13,521. The company has a 50-day moving average of $18.98 and a 200 day moving average of $16.64. The company has a current ratio of 3.77, a quick ratio of 3.62 and a debt-to-equity ratio of 0.27. The stock has a market cap of $31.48 billion, a P/E ratio of 35.56 and a beta of 0.44. Oriental Land has a 12-month low of $12.94 and a 12-month high of $24.63.

Oriental Land (OTCMKTS:OLCLY) last announced its 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 12.35% and a net margin of 18.75%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts predict that Oriental Land will post 0.51 earnings per share for the current year.

Oriental Land Company Profile

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.