LG Display Co., Ltd. (NYSE:LPL) Short Interest Down 81.8% in April

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 134,200 shares, a decrease of 81.8% from the March 31st total of 738,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 235,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in LG Display by 1.2% during the third quarter. State Street Corp now owns 628,299 shares of the electronics maker's stock valued at $2,545,000 after purchasing an additional 7,412 shares during the last quarter. Caprock Group LLC increased its holdings in shares of LG Display by 48.7% in the 4th quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker's stock worth $53,000 after buying an additional 5,618 shares during the last quarter. Savant Capital LLC bought a new position in shares of LG Display in the 4th quarter worth $38,000. Blue Trust Inc. increased its holdings in shares of LG Display by 61.6% in the 4th quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker's stock worth $910,000 after buying an additional 112,964 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of LG Display in the 4th quarter worth $428,000.

Wall Street Analyst Weigh In

Several research analysts have commented on LPL shares. Bank of America started coverage on LG Display in a research note on Thursday, April 24th. They issued a "neutral" rating for the company. StockNews.com downgraded LG Display from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

LG Display Price Performance

NYSE LPL traded up $0.04 during trading hours on Thursday, hitting $2.97. The company had a trading volume of 287,047 shares, compared to its average volume of 249,497. LG Display has a 52 week low of $2.43 and a 52 week high of $4.86. The firm has a 50 day simple moving average of $3.04 and a 200 day simple moving average of $3.26. 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 $2.97 billion, a price-to-earnings ratio of -1.23 and a beta of 1.28.

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.