LG Display Co., Ltd. (NYSE:LPL) Sees Large Increase in Short Interest

by · The Markets Daily

LG Display Co., Ltd. (NYSE:LPL – Get Free Report) 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. Based on an average trading volume of 305,559 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 305,559 shares, the days-to-cover ratio is presently 1.8 days.

LG Display Stock Performance

NYSE LPL traded down $0.03 during trading on Thursday, reaching $4.19. The company’s stock had a trading volume of 236,522 shares, compared to its average volume of 287,873. The business’s fifty day moving average price is $4.46 and its 200-day moving average price is $4.33. LG Display has a twelve month low of $2.43 and a twelve month 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 price-to-earnings ratio of -9.98, a P/E/G ratio of 0.26 and a beta of 1.54.

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

Institutional Trading of LG Display

Several large investors have recently modified their holdings of LPL. Arrowstreet Capital Limited Partnership purchased a new stake in LG Display in the 3rd quarter valued at approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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 valued at $10,174,000 after acquiring an additional 1,040,826 shares during the last quarter. Millennium Management LLC increased its position in LG Display by 898.4% during the 3rd quarter. Millennium Management LLC now owns 404,155 shares of the electronics maker’s stock worth $2,110,000 after purchasing an additional 363,673 shares in the last quarter. American Century Companies Inc. grew its stake in LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after acquiring an additional 161,409 shares during the period. Finally, Two Sigma Investments LP grew its stake in LG Display by 792.0% in the 3rd quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock worth $918,000 after acquiring an additional 156,126 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LPL. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research note on Wednesday, October 8th. UBS Group raised shares of LG Display from a “sell” rating to a “neutral” rating in a report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

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LG Display Company Profile

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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.

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