Perfect Corp. (NYSE:PERF) Sees Significant Growth in Short Interest

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

Perfect Stock Up 0.6%

Shares of NYSE PERF opened at $1.66 on Friday. The stock’s fifty day simple moving average is $1.69 and its 200 day simple moving average is $1.64. The stock has a market capitalization 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 52-week low of $1.24 and a 52-week high of $2.67.

Perfect (NYSE:PERF) last announced its 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. The business had revenue of $17.94 million during the quarter. Perfect had a return on equity of 3.02% and a net margin of 6.62%. As a group, analysts anticipate that Perfect will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Perfect during the second quarter valued at approximately $30,000. Dimensional Fund Advisors LP boosted its stake in Perfect by 63.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock worth $76,000 after purchasing an additional 15,754 shares during the period. GSA Capital Partners LLP boosted its stake in Perfect by 222.8% in the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock worth $117,000 after purchasing an additional 43,013 shares during the period. Credit Industriel ET Commercial purchased a new position in Perfect during the 1st quarter worth approximately $338,000. Finally, Groupe la Francaise purchased a new position in Perfect during the 1st quarter worth approximately $507,000.

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.