Short Interest in LG Display Co., Ltd. (NYSE:LPL) Decreases By 27.8%

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

Institutional Investors Weigh In On LG Display

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of LG Display by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after buying an additional 2,363 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of LG Display by 20.7% in the second quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 2,819 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of LG Display by 3.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock valued at $351,000 after purchasing an additional 3,172 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of LG Display by 11.6% during the 2nd quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock valued at $152,000 after purchasing an additional 3,825 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in LG Display by 34.5% during the 3rd 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 in the last quarter.

Analysts Set New Price Targets

LPL has been the subject of several recent research reports. StockNews.com upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Tuesday, November 26th. Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Price Performance

NYSE:LPL traded down $0.09 during mid-day trading on Friday, reaching $3.38. The stock had a trading volume of 69,819 shares, compared to its average volume of 169,263. LG Display has a 12 month low of $3.33 and a 12 month high of $5.66. The stock has a market capitalization of $3.38 billion, a PE ratio of -1.93 and a beta of 1.38. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43. The stock has a 50-day simple moving average of $3.73 and a two-hundred day simple moving average of $3.90.

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.