LG Display Co., Ltd. (NYSE:LPL - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 630,600 shares, an increase 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 presently 3.1 days. Currently, 0.1% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of LG Display from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.
Get Our Latest Analysis on LPL
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPL. Two Sigma Advisers LP bought a new stake in shares of LG Display during the fourth quarter valued at approximately $32,000. Savant Capital LLC bought a new stake in shares of LG Display in the 4th quarter worth $38,000. Caprock Group LLC raised its stake in shares of LG Display by 48.7% in the fourth quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker's stock worth $53,000 after purchasing an additional 5,618 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of LG Display by 21.2% during the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock valued at $64,000 after purchasing an additional 3,661 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker's stock valued at $88,000 after buying an additional 5,588 shares during the last quarter.
LG Display Trading Down 1.5 %
Shares of LPL traded down $0.05 during trading hours on Monday, hitting $3.22. The company had a trading volume of 73,493 shares, compared to its average volume of 235,918. The stock's 50 day moving average price is $3.26 and its 200 day moving average price is $3.47. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00. LG Display has a 52-week low of $3.05 and a 52-week high of $4.86. The firm has a market cap of $3.22 billion, a P/E ratio of -1.34 and a beta of 1.35.
LG Display (NYSE:LPL - Get Free Report) last posted its earnings results 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 return on equity of 29.08% and a negative net margin of 9.42%. On average, research analysts predict that LG Display will post 0.59 EPS for the current year.
LG Display Company Profile
(
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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.
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