LG Display Co., Ltd. (NYSE:LPL) Short Interest Update

Key Points

• LG Display Co., Ltd. experienced a significant decrease in short interest of 27.5% in July, bringing the total short interest to 485,500 shares.
• Institutional investors have increased their holdings in LG Display, with Quadrant Capital Group LLC increasing its stake by 323.8% in the second quarter.
• The company reported an EPS of $0.62 for the last quarter, missing analysts' expectations, but generated revenue of $4.09 billion, exceeding consensus estimates.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 485,500 shares, adecreaseof27.5% from the July 15th total of 669,500 shares. Approximately0.1% of the shares of the company are sold short. Based on an average daily volume of 265,800 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 265,800 shares, the short-interest ratio is presently 1.8 days. Approximately0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On LG Display

Institutional investors have recently bought and sold shares of the stock. Fragasso Financial Advisors Inc purchased a new position in LG Display during the first quarter valued at $32,000. Two Sigma Advisers LP purchased a new position in LG Display during the fourth quarter valued at $32,000. Creative Planning purchased a new position in LG Display during the second quarter valued at $39,000. MGO One Seven LLC purchased a new position in LG Display during the second quarter valued at $40,000. Finally, BSW Wealth Partners purchased a new position in LG Display during the first quarter valued at $42,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on LPL. Wall Street Zen upgraded shares of LG Display from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group downgraded shares of LG Display from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce".

LG Display Price Performance

Shares of NYSE:LPL traded down $0.01 during trading on Monday, hitting $4.28. 537,282 shares of the company's stock were exchanged, compared to its average volume of 276,215. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. LG Display has a 52-week low of $2.43 and a 52-week high of $4.97. The business's 50-day simple moving average is $3.73 and its 200 day simple moving average is $3.33. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -10.19, a PEG ratio of 0.25 and a beta of 1.44.

LG Display (NYSE:LPL - Get Free Report) last released its earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.07). The business had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. As a group, equities analysts predict that LG Display will post 0.59 EPS for the current year.

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.