Perfect Corp. (NYSE:PERF) Sees Large Increase in Short Interest

Perfect Corp. (NYSE:PERF) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 227,653 shares, a growth of 105.3% from the July 30th total of 110,912 shares. Based on an average trading volume of 429,622 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Perfect in the second quarter worth approximately $30,000. Dimensional Fund Advisors LP raised its holdings in 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. Goldman Sachs Group Inc. raised its holdings in Perfect by 13.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after buying an additional 464,702 shares during the last quarter. Credit Industriel ET Commercial purchased a new stake in Perfect during the 1st quarter valued at $338,000. Finally, Groupe la Francaise purchased a new stake in Perfect during the 1st quarter valued at $507,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Perfect in a report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Perfect Trading Up 0.5%

NYSE PERF opened at $1.89 on Friday. The firm has a market cap of $192.50 million, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.29 and a beta of 0.28. Perfect has a 1-year low of $1.24 and a 1-year high of $2.15. The stock has a 50-day moving average of $1.84 and a 200-day moving average of $1.69.

Perfect (NYSE:PERF) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $16.34 million for the quarter. Perfect had a return on equity of 3.73% and a net margin of 8.13%. As a group, equities research analysts forecast that Perfect will post 0.08 earnings per share for the current fiscal year.

About Perfect

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.