Short Interest in LG Display Co., Ltd. (NYSE:LPL) Drops By 16.4%

Key Points

• Short interest in LG Display fell by 16.4% in March to 715,280 shares (about 0.1% of shares outstanding), leaving a short-interest ratio of just 0.6 days based on average trading volume.
• Analyst sentiment has weakened to a MarketBeat consensus of Reduce, with recent downgrades from Wall Street Zen and Zacks and a Sell (D-) reaffirmation from Weiss Ratings.
• Shares traded around $3.89 (market cap ≈ $3.89B) after LG Display reported a quarterly loss of $0.14 EPS on $4.61B revenue, while analysts forecast about 0.59 EPS for the current year.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 715,280 shares, a decrease of 16.4% from the February 26th total of 855,425 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,248,899 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LPL. Creative Planning acquired a new stake in LG Display during the second quarter worth about $39,000. Ausdal Financial Partners Inc. purchased a new stake in shares of LG Display during the 4th quarter worth about $43,000. XTX Topco Ltd acquired a new stake in LG Display during the 2nd quarter worth approximately $46,000. Cetera Investment Advisers acquired a new stake in LG Display during the 4th quarter worth approximately $52,000. Finally, Sei Investments Co. purchased a new position in LG Display in the second quarter valued at approximately $52,000.

LG Display Stock Down 0.1%

Shares of NYSE:LPL opened at $3.89 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.77 and a beta of 1.47. The stock's 50-day moving average price is $4.23 and its two-hundred day moving average price is $4.50. LG Display has a 12-month low of $2.43 and a 12-month high of $5.67.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The company had revenue of $4.61 billion for the quarter. On average, research analysts forecast that LG Display will post 0.59 EPS for the current year.

Analyst Ratings Changes

LPL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LG Display in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of LG Display from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Finally, Zacks Research downgraded shares of LG Display from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, LG Display has a consensus rating of "Reduce".

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.

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