Oriental Land (OTCMKTS:OLCLY) Shares Shorted: Short Interest Down 97.1% in October

Key Points

• Short interest plunged 97.1% in October, falling from 21,448 shares to 626 shares as of October 15. Short interest represented 0.0% of outstanding shares, with a days-to-cover ratio of 0.0.
• Oriental Land shares traded at $20.89, near the upper end of their $12.94–$23.16 52-week range. The company had a $34.26 billion market capitalization and traded above both its 50-day and 200-day moving averages.
• The company reported quarterly revenue of $1.13 billion, exceeding the $1.11 billion consensus estimate, and earnings per share of $0.16. Analysts expect full-year EPS of $0.51.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 626 shares, a decrease of 97.1% from the September 30th total of 21,448 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 37,729 shares, the days-to-cover ratio is currently 0.0 days.

Oriental Land Stock Performance

Shares of OTCMKTS OLCLY traded down $0.03 during mid-day trading on Monday, reaching $20.89. 26,940 shares of the company's stock were exchanged, compared to its average volume of 18,765. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 38.74 and a beta of 0.51. Oriental Land has a 52 week low of $12.94 and a 52 week high of $23.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.77 and a quick ratio of 3.62. The firm has a 50-day moving average price of $19.36 and a two-hundred day moving average price of $17.17.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter. Oriental Land had a net margin of 18.75% and a return on equity of 12.35%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Analysts predict that Oriental Land will post 0.51 EPS for the current year.

About Oriental Land

Oriental Land Co, Ltd. is a Japanese entertainment and tourism company best known for operating the Tokyo Disney Resort in Urayasu, Chiba Prefecture. The resort includes Tokyo Disneyland and Tokyo DisneySea, which Oriental Land operates under a licensing agreement with The Walt Disney Company.

The company's operations also include Disney-branded hotels, the Disney Resort Line monorail, resort merchandise and retail businesses, restaurants, and other guest services. These businesses are designed to support the company's integrated resort model and serve visitors from Japan and overseas.

Oriental Land was established in 1960 and has developed the Tokyo Disney Resort into one of Japan's leading leisure destinations.

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