Perfect Corp. (NYSE:PERF) Short Interest Up 680.2% in July

Perfect Corp. (NYSE:PERF) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 110,912 shares, an increase of 680.2% from the July 15th total of 14,215 shares. Based on an average daily volume of 322,946 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Perfect Stock Up 0.5%

Shares of NYSE:PERF opened at $1.87 on Friday. The firm has a market capitalization of $190.46 million, a PE ratio of 31.17, a P/E/G ratio of 1.27 and a beta of 0.28. The company has a 50-day moving average price of $1.80 and a two-hundred day moving average price of $1.67. Perfect has a twelve month low of $1.24 and a twelve month high of $2.16.

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, meeting the consensus estimate of $0.01. The company had revenue of $16.34 million for the quarter. Perfect had a net margin of 8.13% and a return on equity of 3.73%. Analysts anticipate that Perfect will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perfect

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Perfect by 13.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after purchasing an additional 464,702 shares in the last quarter. Groupe la Francaise purchased a new stake in shares of Perfect in the first quarter worth about $507,000. Credit Industriel ET Commercial bought a new position in shares of Perfect in the first quarter valued at approximately $338,000. BNP Paribas Financial Markets boosted its position in shares of Perfect by 164.1% in the third quarter. BNP Paribas Financial Markets now owns 34,595 shares of the company’s stock valued at $65,000 after acquiring an additional 21,495 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Perfect by 63.7% during the third 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 in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on PERF. Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a research note on Friday, July 17th. Noble Financial lowered Perfect from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently 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.