LG Display Co., Ltd. (NYSE:LPL) Sees Large Growth in Short Interest

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 630,600 shares, a growth of 16.0% from the February 13th total of 543,600 shares. Based on an average daily volume of 204,200 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.1% of the company's stock are short sold.

LG Display Stock Up 1.7 %

LPL stock traded up $0.06 on Friday, hitting $3.27. 212,095 shares of the company's stock were exchanged, compared to its average volume of 236,554. The firm has a 50 day moving average price of $3.26 and a two-hundred day moving average price of $3.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64. LG Display has a 12-month low of $3.05 and a 12-month high of $4.86. The stock has a market cap of $3.27 billion, a P/E ratio of -1.35 and a beta of 1.35.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.67). LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. As a group, equities research analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of LG Display from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of LG Display in the 3rd quarter valued at $797,000. State Street Corp raised its stake in shares of LG Display by 1.2% in the third quarter. State Street Corp now owns 628,299 shares of the electronics maker's stock worth $2,545,000 after purchasing an additional 7,412 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in LG Display by 27.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker's stock valued at $5,270,000 after buying an additional 283,441 shares during the last quarter. Caprock Group LLC increased its holdings in 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 period. Finally, Savant Capital LLC purchased a new position in LG Display during the 4th quarter worth approximately $38,000.

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.