Short Interest in LG Display Co., Ltd. (NYSE:LPL) Grows By 61.9%

LG Display Co., Ltd. (NYSE:LPL) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 855,425 shares, an increase of 61.9% from the February 12th total of 528,512 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,197,908 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 1,197,908 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

LPL has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research cut LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of LG Display

A number of large investors have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its position in shares of LG Display by 14.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 2,060 shares during the last quarter. Plan A Wealth LLC raised its stake in LG Display by 21.4% during the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 2,296 shares in the last quarter. CWM LLC lifted its position in LG Display by 14.4% during the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares during the last quarter. Diversified Trust Co. lifted its position in LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of LG Display by 4.2% in the 4th quarter. Ieq Capital LLC now owns 120,985 shares of the electronics maker’s stock worth $509,000 after buying an additional 4,870 shares in the last quarter.

LG Display Price Performance

Shares of LPL stock traded down $0.12 during mid-day trading on Friday, hitting $3.88. The company had a trading volume of 1,147,132 shares, compared to its average volume of 1,133,744. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. The stock’s 50 day moving average price is $4.28 and its 200-day moving average price is $4.52. LG Display has a 52-week low of $2.43 and a 52-week high of $5.67. The company has a market capitalization of $3.88 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.77 and a beta of 1.48.

LG Display (NYSE:LPL) last posted its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. The company had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. Equities research analysts forecast that LG Display will post 0.59 earnings per share for the current year.

LG Display Company Profile

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.