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

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

Analysts Set New Price Targets

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

LG Display Stock Up 1.6 %

Shares of LPL traded up $0.06 during midday trading on Friday, reaching $3.88. 85,015 shares of the company were exchanged, compared to its average volume of 355,905. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. LG Display has a 1-year low of $3.45 and a 1-year high of $5.66. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -1.60 and a beta of 1.37. The stock has a 50-day moving average price of $4.14 and a 200-day moving average price of $4.02.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.89 billion during the quarter. Research analysts expect that LG Display will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 2,363 shares during the period. EverSource Wealth Advisors LLC raised its stake in LG Display by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 2,819 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in LG Display by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock worth $351,000 after acquiring an additional 3,172 shares during the period. Alera Investment Advisors LLC grew its stake in shares of LG Display by 32.2% in the first quarter. Alera Investment Advisors LLC now owns 14,431 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 3,517 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock valued at $152,000 after purchasing an additional 3,825 shares during the period.

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.