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

Key Points

• LG Display Co., Ltd. experienced a 27.6% increase in short interest in August, with a total of 619,700 shares sold short as of August 15.
• Several institutional investors significantly increased their stakes, including Vident Advisory LLC which grew its holdings by 46.2% in the first quarter.
• Despite missing earnings estimates with an EPS of $0.62 against a consensus of $0.69, LG Display reported revenue of $4.09 billion, surpassing analyst expectations of $3.85 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 619,700 shares, a growth of 27.6% from the July 31st total of 485,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 357,300 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 357,300 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of LG Display

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in LG Display by 12.0% during 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. Vident Advisory LLC grew its holdings in shares of LG Display by 46.2% in the 1st quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock valued at $1,220,000 after buying an additional 123,994 shares during the period. Rhumbline Advisers grew its holdings in shares of LG Display by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker's stock valued at $1,284,000 after buying an additional 12,198 shares during the period. Ethic Inc. grew its holdings in shares of LG Display by 58.3% in the 2nd quarter. Ethic Inc. now owns 259,673 shares of the electronics maker's stock valued at $904,000 after buying an additional 95,675 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in LG Display by 46.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 258,161 shares of the electronics maker's stock valued at $883,000 after acquiring an additional 82,207 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on LPL. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce".

LG Display Price Performance

Shares of LG Display stock traded down $0.01 during midday trading on Tuesday, reaching $4.40. The company had a trading volume of 585,973 shares, compared to its average volume of 292,583. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -10.48, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41. The stock has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $3.41. LG Display has a 1-year low of $2.43 and a 1-year high of $4.97.

LG Display (NYSE:LPL - Get Free Report) last released its earnings results on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07). LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%.The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.85 billion. As a group, 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., 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.

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