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

LG Display Co., Ltd. (NYSE:LPL) was the recipient of a significant drop in short interest during 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 trading volume of 173,900 shares, the short-interest ratio is currently 1.1 days. Approximately 0.0% of the company’s shares are sold short.

LG Display Trading Down 2.6 %

LPL traded down $0.09 during trading on Friday, reaching $3.38. 69,819 shares of the stock traded hands, compared to its average volume of 169,263. The stock’s 50-day moving average is $3.73 and its 200 day moving average is $3.90. LG Display has a 12 month low of $3.33 and a 12 month high of $5.66. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $3.38 billion, a PE ratio of -1.93 and a beta of 1.38.

Institutional Investors Weigh In On LG Display

Several large investors have recently added to or reduced their stakes in LPL. GAMMA Investing LLC lifted its stake in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after buying an additional 2,363 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of LG Display by 20.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 2,819 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased 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 acquiring an additional 3,172 shares in the last quarter. Inspire Advisors LLC lifted its position 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 acquiring an additional 3,825 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 5,588 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised LG Display from a “hold” rating to a “buy” rating in a report on Tuesday, November 26th. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

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.