LG Display Co., Ltd. (NYSE:LPL) Short Interest Update

LG Display Co., Ltd. (NYSE:LPL) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 197,800 shares, a decrease of 27.8% from the October 31st total of 273,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 173,900 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of LG Display

A number of institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LG Display by 27.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after purchasing an additional 283,441 shares during the period. American Century Companies Inc. boosted its holdings in LG Display by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock worth $4,824,000 after acquiring an additional 63,080 shares during the period. State Street Corp boosted its holdings in LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock worth $2,545,000 after acquiring an additional 7,412 shares during the period. Public Employees Retirement System of Ohio purchased a new position in LG Display in the 3rd quarter worth approximately $797,000. Finally, Blue Trust Inc. boosted its holdings in LG Display by 546.6% in the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock worth $756,000 after acquiring an additional 155,030 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently commented on LPL shares. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of LG Display from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Citigroup downgraded shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th.

LG Display Trading Down 2.6 %

Shares of NYSE:LPL traded down $0.09 during trading on Friday, reaching $3.38. 69,796 shares of the stock were exchanged, compared to its average volume of 314,526. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. LG Display has a 12-month low of $3.33 and a 12-month high of $5.66. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -1.94 and a beta of 1.38. The firm’s 50-day moving average price is $3.74 and its 200 day moving average price is $3.91.

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.