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

Perfect Corp. (NYSE:PERF) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 13,100 shares, a decline of 84.6% from the April 30th total of 84,865 shares. Based on an average daily volume of 91,420 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Perfect

Several hedge funds have recently bought and sold shares of PERF. BNP Paribas Financial Markets bought a new position in Perfect in the 2nd quarter valued at $30,000. GSA Capital Partners LLP grew its position in Perfect by 222.8% in the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock valued at $117,000 after acquiring an additional 43,013 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Perfect by 63.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $76,000 after acquiring an additional 15,754 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Perfect by 13.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after acquiring an additional 464,702 shares during the last quarter. Finally, Credit Industriel ET Commercial bought a new position in Perfect in the 1st quarter valued at $338,000.

Perfect Trading Up 2.4%

Shares of NYSE:PERF traded up $0.04 during mid-day trading on Friday, reaching $1.73. The stock had a trading volume of 165,717 shares, compared to its average volume of 79,252. The company has a market cap of $176.20 million, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. Perfect has a 1 year low of $1.24 and a 1 year high of $2.67. The business’s 50 day moving average price is $1.68 and its 200 day moving average price is $1.65.

Perfect (NYSE:PERF) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Perfect had a return on equity of 3.02% and a net margin of 6.62%.The business had revenue of $17.94 million for the quarter. Analysts predict that Perfect will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Freedom Capital lowered Perfect from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Perfect in a report on Tuesday, April 21st. Finally, Noble Financial lowered 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 given a Sell rating to the company. According to MarketBeat, Perfect presently has a consensus rating of “Reduce”.

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.