LG Display Co., Ltd. (NYSE:LPL) Short Interest Update

LG Display Co., Ltd. (NYSE:LPL) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 155,600 shares, a drop of 25.6% from the August 15th total of 209,000 shares. Based on an average trading volume of 228,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

LG Display Price Performance

Shares of LPL traded up $0.06 during trading hours on Friday, hitting $3.88. 85,015 shares of the company were exchanged, compared to its average volume of 355,905. The firm has a fifty day simple moving average of $4.14 and a 200-day simple moving average of $4.02. The company has a market capitalization of $3.88 billion, a PE ratio of -1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. LG Display has a one year low of $3.45 and a one year high of $5.66.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The company had revenue of $4.89 billion for the quarter. As a group, sell-side analysts predict that LG Display will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

A number of large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in LG Display during the 1st quarter valued at $32,000. CWM LLC lifted its stake in LG Display by 66.4% in the 1st quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock worth $74,000 after acquiring an additional 7,211 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in LG Display by 69.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after acquiring an additional 36,483 shares during the period. PDS Planning Inc grew its stake in LG Display by 20.3% during the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 5,290 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of LG Display by 268.3% in the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 20,660 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LPL shares. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 10th. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.