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 growth in short interest in the month of May. As of May 15th, there was short interest totalling 398,200 shares, a growth of 129.8% from the April 30th total of 173,300 shares. Based on an average trading volume of 247,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the company's shares are sold short.

Institutional Trading of LG Display

Several large investors have recently bought and sold shares of LPL. Fragasso Financial Advisors Inc purchased a new position in shares of LG Display in the 1st quarter valued at approximately $32,000. Two Sigma Advisers LP bought a new position in LG Display in the fourth quarter worth $32,000. Savant Capital LLC purchased a new position in LG Display during the fourth quarter valued at $38,000. BSW Wealth Partners bought a new stake in shares of LG Display during the 1st quarter valued at $42,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of LG Display during the 1st quarter valued at $44,000.

LG Display Trading Up 0.6%

LG Display stock traded up $0.02 during mid-day trading on Tuesday, reaching $3.14. 44,448 shares of the company traded hands, compared to its average volume of 217,095. The firm's 50 day moving average price is $2.96 and its 200 day moving average price is $3.16. LG Display has a 52-week low of $2.43 and a 52-week high of $4.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.64 and a quick ratio of 0.43. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -1.30 and a beta of 1.41.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.33 billion. On average, analysts anticipate that LG Display will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LPL. 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 began coverage on LG Display in a research report on Thursday, April 24th. They set a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

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.