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

LG Display Co., Ltd. (NYSE:LPL) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 630,600 shares, an increase of 16.0% from the February 13th total of 543,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 204,200 shares, the short-interest ratio is currently 3.1 days.

Institutional Trading of LG Display

A number of institutional investors and hedge funds have recently made changes to their positions in LPL. Two Sigma Advisers LP acquired a new position in shares of LG Display during the 4th quarter worth about $32,000. Savant Capital LLC bought a new stake in shares of LG Display in the 4th quarter valued at approximately $38,000. Caprock Group LLC grew its stake in shares of LG Display by 48.7% in the 4th quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 5,618 shares during the period. Millennium Management LLC boosted its holdings in shares of LG Display by 21.2% in the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 3,661 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of LG Display by 34.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 5,588 shares in the last quarter.

LG Display Price Performance

LPL opened at $3.21 on Friday. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -1.33 and a beta of 1.35. LG Display has a 1 year low of $3.05 and a 1 year high of $4.86. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.48.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Analysts forecast that LG Display will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.