Short Interest in Oriental Land (OTCMKTS:OLCLY) Expands By 2,353.8%

Key Points

• Oriental Land (OTCMKTS:OLCLY) experienced a remarkable increase in short interest, rising by 2,353.8% from 1,300 shares on July 31 to 31,900 shares by August 15.
• The company's stock price rose by $0.26 to reach $24.02, with a trading volume of 27,396 shares compared to an average of 63,103.
• Oriental Land reported a net margin of 18.27% and earnings of $0.12 per share, with revenues of $1.13 billion exceeding analysts' expectations of $1.10 billion.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 31,900 shares, anincreaseof2,353.8% from the July 31st total of 1,300 shares. Based on an average daily trading volume, of 56,500 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 56,500 shares, the days-to-cover ratio is presently 0.6 days.

Oriental Land Stock Performance

Shares of OLCLY stock traded up $0.55 during trading hours on Friday, reaching $24.97. 31,892 shares of the company's stock were exchanged, compared to its average volume of 19,597. Oriental Land has a fifty-two week low of $18.37 and a fifty-two week high of $28.99. The stock has a market capitalization of $44.96 billion, a P/E ratio of 48.02 and a beta of 0.64. The business has a fifty day moving average price of $22.36 and a 200-day moving average price of $21.81. The company has a quick ratio of 2.11, a current ratio of 2.23 and a debt-to-equity ratio of 0.22.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.12 EPS for the quarter. Oriental Land had a return on equity of 13.22% and a net margin of 18.27%.The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Analysts predict that Oriental Land will post 0.47 EPS for the current fiscal year.

Oriental Land Company Profile

Oriental Land Co, Ltd. operates and manages theme parks and hotels in Japan. It operates through Theme Park, Hotel Business, and Other Business segments. The Theme Park segment operates and manages Tokyo Disneyland and Tokyo DisneySea theme parks. The Hotel Business segment operates and manages Tokyo Disneyland Hotel, Tokyo DisneySea Hotel MiraCosta, Disney Ambassador Hotel, and Tokyo Disney Celebration Hotel, as well as Tokyo Disney Resort Toy Story Hotel.