LG Display Co., Ltd. (NYSE:LPL) Sees Significant Growth in Short Interest

LG Display Co., Ltd. (NYSE:LPL) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 630,600 shares, a growth of 16.0% from the February 13th total of 543,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 204,200 shares, the short-interest ratio is currently 3.1 days.

Institutional Trading of LG Display

Several large investors have recently bought and sold shares of LPL. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LG Display by 5.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker’s stock valued at $4,210,000 after acquiring an additional 70,081 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of LG Display by 3.2% in the 4th quarter. American Century Companies Inc. now owns 1,315,187 shares of the electronics maker’s stock valued at $4,038,000 after acquiring an additional 40,375 shares during the last quarter. State Street Corp boosted its holdings in shares of LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock valued at $2,545,000 after acquiring an additional 7,412 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of LG Display by 1.9% in the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock valued at $1,090,000 after acquiring an additional 6,484 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of LG Display by 61.6% in the 4th quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker’s stock valued at $910,000 after acquiring an additional 112,964 shares during the last quarter.

LG Display Trading Up 1.1 %

LPL traded up $0.04 on Wednesday, reaching $3.25. 113,586 shares of the company traded hands, compared to its average volume of 236,906. LG Display has a one year low of $3.05 and a one year high of $4.86. The firm has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $3.48. The company has a market cap of $3.25 billion, a P/E ratio of -1.35 and a beta of 1.35. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.67). LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. As a group, equities research analysts expect that LG Display will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

About LG Display

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.