LG Display Co., Ltd. (NYSE:LPL) Short Interest Up 129.8% in May

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 398,200 shares, an increase of 129.8% from the April 30th total of 173,300 shares. Based on an average daily volume of 247,000 shares, the short-interest ratio is presently 1.6 days. Currently, 0.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LPL shares. Wall Street Zen upgraded shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Bank of America started coverage on shares of LG Display in a research report on Thursday, April 24th. They set a "neutral" rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

LG Display Trading Up 1.6%

Shares of NYSE LPL traded up $0.05 during mid-day trading on Friday, reaching $3.18. 219,960 shares of the company's stock were exchanged, compared to its average volume of 218,144. The company's 50-day moving average is $2.96 and its 200-day moving average is $3.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -1.32 and a beta of 1.41. LG Display has a 52-week low of $2.43 and a 52-week high of $4.86.

LG Display (NYSE:LPL - Get Free Report) last posted its earnings results on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.33 billion. Analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of hedge funds have recently made changes to their positions in LPL. Rhumbline Advisers raised its position in LG Display by 2.3% in the first quarter. Rhumbline Advisers now owns 363,341 shares of the electronics maker's stock valued at $1,130,000 after purchasing an additional 8,144 shares during the period. Jane Street Group LLC boosted its position in shares of LG Display by 52.9% during the first quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker's stock worth $182,000 after buying an additional 20,285 shares during the period. Vident Advisory LLC grew its stake in shares of LG Display by 46.2% in the first 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 in the last quarter. Ieq Capital LLC purchased a new stake in shares of LG Display in the 1st quarter valued at $65,000. Finally, American Century Companies Inc. lifted its stake in LG Display by 2.6% during the 1st quarter. American Century Companies Inc. now owns 1,349,061 shares of the electronics maker's stock worth $4,196,000 after acquiring an additional 33,874 shares in the last quarter.

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.