LG Display Co., Ltd. (NYSE:LPL) saw an increase of 10.5% in short interest. | Jobs Vox


LG Display Co., Ltd (NYSE:LPL – Get Rating ) saw a significant increase in short interest during the month of November. There was a total of 1,160,000 shares shorted as of November 30th, a 10.5% increase from the November 15th total of 1,050,000 shares. Based on an average trading volume of 480,200 shares, the day-to-day ratio is currently 2.4 days.

Changes in expert ratings

A number of research firms recently weighed in on LPL. Morgan Stanley raised LG Display from an “underweight” rating to an “overweight” rating in a research report on Tuesday, October 4th. TheStreet cut LG Display from a “c-” rating to a “d+” rating in a research note on Wednesday, September 7th. Finally, started coverage on LG Display in a report on Wednesday, October 12th. They issued a “hold” rating on the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. LG Display currently has a consensus rating of “Hold” according to

LG display sales fell 1.4%.

LG Display stock traded down $0.07 during mid-day trading on Friday, hitting $5.05. Average volume was 481,904 shares versus 21,129 shares. The stock has a 50-day simple moving average of $5.15 and a two-hundred-day simple moving average of $5.56. The stock has a market cap of $3.61 billion, a PE ratio of -4.79 and a beta of 1.44. LG Display has a 12-month low of $4.08 and a 12-month high of $10.78. The company has a current ratio of 0.79, a quick ratio of 0.49, and a debt-to-equity ratio of 0.71.

LG Display (NYSE:LPL – Get Ratings ) last issued its earnings results on Monday, November 14th. The electronics maker reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.46). LG Display had a negative return on equity of 6.40% and a net margin of 3.35%. The company had revenue of $5.06 billion in the quarter. As a group, sell-side analysts forecast that LG Display will post -1.81 EPS for the current year.

Organizational inflows and outflows

Institutional Investors have recently modified their positions in the stock. BlackRock Inc. increased its holdings in LG Display by 82.7% in the 1st quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker’s stock valued at $6,438,000 after acquiring an additional 352,719 shares during the period. Connor Clark & ​​Lunn Investment Management Ltd lifted its position in shares of LG Display by 126.1% during the third quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 267,565 shares of the electronics maker’s stock valued at $1,092,000 after acquiring an additional 149,248 shares during the period. Cerity Partners LLC acquired a new position in shares of LG Display during the 2nd quarter valued at $392,000. State Street Corp raised its stake in shares of LG Display by 7.2% in the 1st quarter. State Street Corp now owns 621,462 shares of the electronics maker’s stock valued at $5,133,000 after buying an additional 41,759 shares in the last quarter. Finally, Verity Management LLC boosted its holdings in LG Display by 21.6% in the 2nd quarter. Verity Management LLC now owns 209,394 shares of the electronics maker’s stock valued at $1,168,000 after buying an additional 37,136 shares in the last quarter. Institutional investors and hedge funds own 2.39% of the company’s shares.

Introduction to LG Display

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LG Display Co., Ltd. is engaged in the design, manufacture and sale of display panels based on thin film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology. Its display panels based on TFT-LCD and OLED technology are commonly used in televisions, laptops, desktop monitors, tablet computers, mobile devices, and automotive displays.

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