LG Display Co., Ltd. (NYSE:LPL) Short Interest Down 49.4% in September

Key Points

• Short interest in LG Display Co., Ltd. decreased by 49.4% in September, resulting in a total of 425,800 shares short sold as of September 30th.
• The company reported a missed earnings estimate for the last quarter, posting $0.62 earnings per share, which was $0.07 below the consensus expectation.
• Analysts have mixed ratings on LG Display, with a consensus rating of "Reduce", following upgrades and downgrades from various brokerage firms.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 425,800 shares, a decline of 49.4% from the September 15th total of 841,400 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 543,400 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 543,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company's stock are short sold.

LG Display Trading Up 0.3%

Shares of LPL stock opened at $5.17 on Monday. LG Display has a 12 month low of $2.43 and a 12 month high of $5.67. The company has a market cap of $5.17 billion, a PE ratio of -12.30, a price-to-earnings-growth ratio of 0.28 and a beta of 1.49. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The business's 50 day moving average is $4.75 and its two-hundred day moving average is $3.78.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. Equities analysts predict that LG Display will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LPL shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LG Display in a research report on Wednesday, October 8th. UBS Group upgraded shares of LG Display from a "sell" rating to a "neutral" rating in a report on Tuesday, September 23rd. Four investment 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 company presently has a consensus rating of "Reduce".

Institutional Trading of LG Display

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of LG Display by 12.0% in the second 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 last quarter. Ethic Inc. raised its stake in LG Display by 55.1% during the 3rd quarter. Ethic Inc. now owns 402,675 shares of the electronics maker's stock valued at $2,102,000 after purchasing an additional 143,002 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in LG Display by 323.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker's stock valued at $602,000 after purchasing an additional 134,432 shares during the period. Vident Advisory LLC grew its position in LG Display by 46.2% in the 1st quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock worth $1,220,000 after purchasing an additional 123,994 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of LG Display by 498.6% during the 1st quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock worth $400,000 after purchasing an additional 107,167 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.