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

LG Display Co., Ltd. (NYSE:LPL) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 554,429 shares, a growth of 30.2% from the November 30th total of 425,973 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 305,559 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 305,559 shares, the short-interest ratio is currently 1.8 days. Currently, 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LPL shares. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. UBS Group raised shares of LG Display from a “sell” rating to a “neutral” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LPL. Creative Planning purchased a new position in shares of LG Display in the 2nd quarter worth about $39,000. MGO One Seven LLC purchased a new position in LG Display in the second quarter worth about $40,000. Inspire Investing LLC bought a new position in shares of LG Display in the first quarter worth approximately $45,000. XTX Topco Ltd purchased a new stake in shares of LG Display during the second quarter valued at approximately $46,000. Finally, Resonant Capital Advisors LLC bought a new stake in shares of LG Display during the second quarter valued at approximately $47,000.

LG Display Trading Down 0.7%

Shares of NYSE LPL traded down $0.03 during mid-day trading on Thursday, hitting $4.19. The stock had a trading volume of 236,522 shares, compared to its average volume of 287,873. The business has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $4.33. LG Display has a 1 year low of $2.43 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The firm has a market cap of $4.19 billion, a P/E ratio of -9.98, a price-to-earnings-growth ratio of 0.26 and a beta of 1.54.

LG Display (NYSE:LPL) last posted its earnings results on Friday, November 14th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $4.95 billion during the quarter. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. On average, equities analysts anticipate that LG Display will post 0.59 EPS for the current fiscal year.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.