Short Interest in LG Display Co., Ltd. (NYSE:LPL) Drops By 27.5%

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) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 485,500 shares, adropof27.5% from the July 15th total of 669,500 shares. Based on an average trading volume of 265,800 shares, the short-interest ratio is currently 1.8 days. Approximately0.1% of the company's shares are sold short. Approximately0.1% of the company's shares are sold short. Based on an average trading volume of 265,800 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On LG Display

Hedge funds and other institutional investors have recently modified their holdings of the company. Fragasso Financial Advisors Inc acquired a new position in shares of LG Display during the first quarter valued at $32,000. Two Sigma Advisers LP acquired a new position in shares of LG Display during the fourth quarter valued at $32,000. Creative Planning acquired a new position in shares of LG Display during the second quarter valued at $39,000. MGO One Seven LLC acquired a new position in shares of LG Display during the second quarter valued at $40,000. Finally, BSW Wealth Partners acquired a new position in shares of LG Display during the first quarter valued at $42,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group lowered shares of LG Display from a "neutral" rating to a "sell" rating in a 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 investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce".

LG Display Stock Up 2.3%

Shares of NYSE:LPL traded up $0.0950 during midday trading on Friday, reaching $4.2750. The company had a trading volume of 684,439 shares, compared to its average volume of 590,926. The stock has a market capitalization of $4.28 billion, a P/E ratio of -10.18, a PEG ratio of 0.25 and a beta of 1.44. LG Display has a one year low of $2.43 and a one year high of $4.97. The stock's fifty day moving average price is $3.73 and its 200-day moving average price is $3.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.46.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share 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. Equities research analysts expect that LG Display will post 0.59 earnings per share for the current fiscal 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.