Short Interest in LG Display Co., Ltd. (NYSE:LPL) Drops By 12.6%

LG Display Co., Ltd. (NYSE:LPL) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 545,363 shares, a decrease of 12.6% from the January 15th total of 623,718 shares. Based on an average daily trading volume, of 964,239 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 964,239 shares, the short-interest ratio is presently 0.6 days.

LG Display Stock Performance

NYSE LPL opened at $4.00 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.70 and a quick ratio of 0.44. The stock’s 50 day simple moving average is $4.18 and its 200-day simple moving average is $4.48. The company has a market cap of $4.00 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.54. LG Display has a 1-year low of $2.43 and a 1-year high of $5.67.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.41). The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5 billion. LG Display had a return on equity of 3.26% and a net margin of 0.98%. As a group, equities research analysts anticipate that LG Display will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of institutional investors and hedge funds have recently bought and sold shares of LPL. Dimensional Fund Advisors LP increased its stake in shares of LG Display by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock worth $19,973,000 after acquiring an additional 15,767 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after purchasing an additional 1,040,826 shares during the period. American Century Companies Inc. lifted its position in shares of LG Display by 12.0% during the second quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after purchasing an additional 161,409 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of LG Display in the third quarter valued at approximately $7,862,000. Finally, State Street Corp boosted its stake in shares of LG Display by 5.1% in the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares during the period.

Analyst Ratings Changes

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

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.