LG Display Co., Ltd. (NYSE:LPL) Short Interest Down 25.6% in August

LG Display Co., Ltd. (NYSE:LPL) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 155,600 shares, a decrease of 25.6% from the August 15th total of 209,000 shares. Based on an average daily volume of 228,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LPL. Renaissance Technologies LLC purchased a new position in LG Display during the 2nd quarter valued at about $468,000. American Century Companies Inc. increased its holdings in shares of LG Display by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock valued at $4,824,000 after acquiring an additional 63,080 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of LG Display in the 2nd quarter valued at approximately $224,000. BNP Paribas Financial Markets lifted its holdings in LG Display by 101.2% in the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after purchasing an additional 40,035 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in LG Display by 69.8% during the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after purchasing an additional 36,483 shares during the last quarter.

LG Display Trading Up 1.6 %

Shares of NYSE LPL opened at $3.88 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. LG Display has a 12 month low of $3.45 and a 12 month high of $5.66. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -1.60 and a beta of 1.37. The business has a fifty day simple moving average of $4.14 and a 200-day simple moving average of $4.02.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The firm had revenue of $4.89 billion for the quarter. LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. Sell-side analysts predict that LG Display will post -0.74 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LPL. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th.

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.