LG Display Co., Ltd. (NYSE:LPL) Short Interest Up 16.0% in February

LG Display Co., Ltd. (NYSE:LPL) saw a large 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 204,200 shares, the short-interest ratio is currently 3.1 days.

Analyst Ratings Changes

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

LG Display Price Performance

Shares of NYSE LPL traded down $0.05 during mid-day trading on Thursday, reaching $3.21. The company’s stock had a trading volume of 37,762 shares, compared to its average volume of 181,839. The stock has a 50-day moving average of $3.26 and a two-hundred day moving average of $3.48. 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 stock has a market capitalization of $3.21 billion, a P/E ratio of -1.33 and a beta of 1.35. LG Display has a 1-year low of $3.05 and a 1-year high of $4.86.

LG Display (NYSE:LPL) last released its earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that LG Display will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently added to or reduced their stakes in LPL. PDS Planning Inc increased its stake in shares of LG Display by 16.7% in the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock worth $73,000 after acquiring an additional 3,401 shares during the last quarter. Millennium Management LLC grew its holdings in shares of LG Display by 21.2% in 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 during the period. Coldstream Capital Management Inc. increased its position in LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock worth $88,000 after purchasing an additional 5,588 shares during the last quarter. Caprock Group LLC raised its stake in LG Display by 48.7% during 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 period. Finally, Rhumbline Advisers boosted its holdings in LG Display by 1.9% in the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock valued at $1,090,000 after purchasing an additional 6,484 shares during the last quarter.

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.