Perfect Corp. (NYSE:PERF) Short Interest Update

Perfect Corp. (NYSE:PERF) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 73,016 shares, a growth of 935.4% from the May 31st total of 7,052 shares. Based on an average daily trading volume, of 86,014 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PERF shares. Freedom Capital lowered Perfect from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Noble Financial cut Perfect from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Perfect has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Perfect in the 2nd quarter worth about $30,000. Dimensional Fund Advisors LP lifted its holdings in shares of Perfect by 63.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $76,000 after buying an additional 15,754 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Perfect by 222.8% during the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock valued at $117,000 after buying an additional 43,013 shares during the last quarter. Credit Industriel ET Commercial bought a new stake in shares of Perfect in the 1st quarter valued at approximately $338,000. Finally, Groupe la Francaise acquired a new position in Perfect in the first quarter worth approximately $507,000.

Perfect Stock Up 0.6%

PERF stock opened at $1.66 on Friday. The company has a 50 day moving average of $1.69 and a two-hundred day moving average of $1.64. The company has a market cap of $169.07 million, a price-to-earnings ratio of 33.21, a PEG ratio of 1.57 and a beta of 0.30. Perfect has a 12-month low of $1.24 and a 12-month high of $2.67.

Perfect (NYSE:PERF) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Perfect had a net margin of 6.62% and a return on equity of 3.02%. The business had revenue of $17.94 million for the quarter. On average, research analysts anticipate that Perfect will post 0.06 EPS for the current year.

Perfect Company Profile

Perfect Corp (NYSE: PERF) is a technology company specializing in beauty and personal care solutions. The company develops AI- and AR-driven platforms that enable virtual product try-on, personalized skincare analysis and digital marketing tools for cosmetics brands and retailers. Its software as a service (SaaS) offerings allow users to preview makeup and skincare products in real time, drive customer engagement across e-commerce and social media channels, and collect data-driven insights into consumer preferences.

The core products include virtual try-on applications, skin diagnostic tools and AI-powered recommendation engines.