Perfect Corp. (NYSE:PERF) Short Interest Update

Perfect Corp. (NYSE:PERF) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 133,538 shares, a growth of 82.9% from the June 15th total of 73,016 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 53,118 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Perfect

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 464,702 shares during the period. Groupe la Francaise acquired a new stake in shares of Perfect in the first quarter valued at approximately $507,000. Credit Industriel ET Commercial bought a new stake in shares of Perfect in the first quarter valued at approximately $338,000. Dimensional Fund Advisors LP grew its position in Perfect by 63.7% during the third quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock worth $76,000 after buying an additional 15,754 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Perfect by 164.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,595 shares of the company’s stock worth $65,000 after acquiring an additional 21,495 shares during the period.

Perfect Price Performance

Shares of NYSE PERF remained flat at $1.92 during trading hours on Friday. The stock had a trading volume of 645,912 shares, compared to its average volume of 329,495. The company has a market cap of $195.55 million, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.30. The company’s 50 day simple moving average is $1.72 and its two-hundred day simple moving average is $1.64. Perfect has a one year low of $1.24 and a one year high of $2.67.

Perfect (NYSE:PERF) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.02 earnings per share (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%. On average, research analysts predict that Perfect will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.