Short Interest in LG Display Co., Ltd. (NYSE:LPL) Decreases By 12.6%

LG Display Co., Ltd. (NYSE:LPL) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 545,363 shares, a drop of 12.6% from the January 15th total of 623,718 shares. Based on an average daily trading volume, of 964,239 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 964,239 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ausdal Financial Partners Inc. purchased a new position in shares of LG Display in the 4th quarter valued at $43,000. Savant Capital LLC acquired a new position in LG Display in the third quarter valued at $54,000. Creative Planning purchased a new position in shares of LG Display during the second quarter worth about $39,000. MGO One Seven LLC acquired a new stake in shares of LG Display during the second quarter worth about $40,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of LG Display in the 3rd quarter valued at about $63,000.

LG Display Stock Down 1.8%

LG Display stock opened at $4.00 on Tuesday. The stock’s fifty day moving average is $4.18 and its two-hundred day moving average is $4.48. The stock has a market cap of $4.00 billion, a PE ratio of 21.03, a P/E/G ratio of 0.56 and a beta of 1.54. LG Display has a 1-year low of $2.43 and a 1-year high of $5.67. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.70 and a quick ratio of 0.44.

LG Display (NYSE:LPL) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5 billion. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, sell-side analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LPL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

LG Display Company Profile

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.